FHTX vs VXX: Correlation
Foghorn Therapeutics Inc. (FHTX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHTX and VXX?
Over the past 3 years, FHTX and VXX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -1786.7 %².
VXX is close to the least connected end of FHTX's tracked universe, ranking #12 of 12. The last year tells two different stories: FHTX led by 64.7 percentage points, +15.0% for FHTX against -49.7% for VXX. Note the risk asymmetry: FHTX runs 1.7 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.
FHTX vs VXX: side by side
| FHTX (Foghorn Therapeutics Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.0% | -49.7% |
| 5-year return | -49.1% | -95.6% |
| Volatility (ann.) | 103.7% | 60.9% |
| Beta vs S&P 500 | 2.17 | -3.31 |
| Max drawdown (3Y) | -68.5% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHTX | VXX |
|---|---|---|
| 2022 | -72.1% | -23.8% |
| 2023 | +1.1% | -72.5% |
| 2024 | -26.8% | -26.2% |
| 2025 | +14.4% | -42.2% |
| 2026 | +15.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHTX and VXX 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 FHTX and VXX?
As of 2026-08-27, the correlation of weekly returns between FHTX and VXX is -0.28 over 3 years, -0.26 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for FHTX?
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/fhtx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fhtx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FHTX correlations · VXX correlations
