DFTX vs VXZ: Correlation
Measured on weekly returns over the past three years, Definium Therapeutics, Inc. (DFTX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFTX and VXZ?
On 3 years of weekly data the DFTX/VXZ correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -584.0 %².
Among the 17 assets we track against DFTX, VXZ sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with DFTX ahead by 361.0 points (+344.9% versus -16.1%). One caveat on sizing: DFTX is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DFTX vs VXZ: side by side
| DFTX (Definium Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +344.9% | -16.1% |
| 5-year return | +4.7% | -53.1% |
| Volatility (ann.) | 90.9% | 25.6% |
| Beta vs S&P 500 | 1.35 | -1.31 |
| Max drawdown (3Y) | -58.4% | -36.4% |
| Market cap | $5.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFTX | VXZ |
|---|---|---|
| 2022 | -89.4% | +0.5% |
| 2023 | +66.4% | -44.0% |
| 2024 | +90.2% | -12.7% |
| 2025 | +92.4% | +5.7% |
| 2026 | +227.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFTX and VXZ good diversifiers for each other?
Yes. With a correlation of -0.25, DFTX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DFTX and VXZ?
As of 2026-08-27, the correlation of weekly returns between DFTX and VXZ is -0.25 over 3 years, -0.28 over 1 year and -0.30 over 5 years.
Is VXZ a good diversifier for DFTX?
Yes. With a correlation of -0.25, DFTX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/dftx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dftx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFTX correlations · VXZ correlations
