EDIT vs VXZ: Correlation
How closely do Editas Medicine, Inc. (EDIT) 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 -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDIT and VXZ?
Across a 3-year window, the weekly returns of EDIT and VXZ correlate at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Stretching to 5 years gives -0.32, with an annualized covariance of -681.1 %².
Among the 22 assets we track against EDIT, VXZ sits near the bottom by co-movement, at rank #20. Their recent paths diverged sharply: over the last 12 months EDIT outperformed by 39.7 percentage points (+23.6% for EDIT against -16.1% for VXZ). Risk is not evenly split, since EDIT carries 3.4 times the volatility of the other side.
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.
EDIT vs VXZ: side by side
| EDIT (Editas Medicine, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +23.6% | -16.1% |
| 5-year return | -94.7% | -53.1% |
| Volatility (ann.) | 86.8% | 25.6% |
| Beta vs S&P 500 | 2.56 | -1.31 |
| Max drawdown (3Y) | -91.2% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDIT | VXZ |
|---|---|---|
| 2022 | -66.6% | +0.5% |
| 2023 | +14.2% | -44.0% |
| 2024 | -87.5% | -12.7% |
| 2025 | +61.4% | +5.7% |
| 2026 | +61.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDIT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, EDIT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EDIT and VXZ?
The EDIT/VXZ correlation stands at -0.31 on a 3-year window (1 year: -0.41, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for EDIT?
Yes. With a correlation of -0.31, EDIT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/edit-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edit-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EDIT correlations · VXZ correlations
