DTIL vs VXZ: Correlation
How closely do Precision BioSciences, Inc. (DTIL) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTIL and VXZ?
Over the past 3 years, DTIL and VXZ moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.23). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -430.7 %².
Out of 10 assets tracked against DTIL, VXZ lands near the bottom at #10. The last year tells two different stories: DTIL led by 83.8 percentage points, +67.7% for DTIL against -16.1% for VXZ. Note the risk asymmetry: DTIL runs 2.8 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.
DTIL vs VXZ: side by side
| DTIL (Precision BioSciences, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +67.7% | -16.1% |
| 5-year return | -97.6% | -53.1% |
| Volatility (ann.) | 72.7% | 25.6% |
| Beta vs S&P 500 | 1.22 | -1.31 |
| Max drawdown (3Y) | -80.8% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTIL | VXZ |
|---|---|---|
| 2022 | -83.9% | +0.5% |
| 2023 | -69.3% | -44.0% |
| 2024 | -65.2% | -12.7% |
| 2025 | +9.2% | +5.7% |
| 2026 | +101.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTIL and VXZ good diversifiers for each other?
Yes. With a correlation of -0.23, DTIL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DTIL and VXZ?
As of 2026-08-27, the correlation of weekly returns between DTIL and VXZ is -0.23 over 3 years, -0.06 over 1 year and -0.25 over 5 years.
Is VXZ a good diversifier for DTIL?
Yes. With a correlation of -0.23, DTIL and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dtil-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dtil-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DTIL correlations · VXZ correlations
