CYRX vs VXZ: Correlation
Measured on weekly returns over the past three years, CryoPort, Inc. (CYRX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYRX and VXZ?
Across a 3-year window, the weekly returns of CYRX and VXZ correlate at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.28 over 3. Stretching to 5 years gives -0.32, with an annualized covariance of -449.2 %².
Among the 14 assets we track against CYRX, VXZ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: CYRX led by 105.0 percentage points, +88.9% for CYRX against -16.1% for VXZ. Note the risk asymmetry: CYRX runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CYRX vs VXZ: side by side
| CYRX (CryoPort, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +88.9% | -16.1% |
| 5-year return | -73.7% | -53.1% |
| Volatility (ann.) | 62.3% | 25.6% |
| Beta vs S&P 500 | 1.44 | -1.31 |
| Max drawdown (3Y) | -75.0% | -36.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYRX | VXZ |
|---|---|---|
| 2022 | -70.7% | +0.5% |
| 2023 | -10.7% | -44.0% |
| 2024 | -49.8% | -12.7% |
| 2025 | +23.4% | +5.7% |
| 2026 | +72.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYRX and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CYRX and VXZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.30 over the last year and -0.32 over 5 years.
Is VXZ a good diversifier for CYRX?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cyrx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cyrx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CYRX correlations · VXZ correlations
