HUMA vs VXZ: Correlation
How closely do Humacyte, Inc. (HUMA) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUMA and VXZ?
On 3 years of weekly data the HUMA/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.26 over 3. The 5-year figure is -0.26, and annualized covariance runs at -680.8 %².
Among the 11 assets we track against HUMA, VXZ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: VXZ led by 38.6 percentage points, -54.7% for HUMA against -16.1% for VXZ. One caveat on sizing: HUMA is 4.0 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.
HUMA vs VXZ: side by side
| HUMA (Humacyte, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -54.7% | -16.1% |
| 5-year return | -94.8% | -53.1% |
| Volatility (ann.) | 103.1% | 25.6% |
| Beta vs S&P 500 | 2.71 | -1.31 |
| Max drawdown (3Y) | -94.2% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUMA | VXZ |
|---|---|---|
| 2022 | -70.9% | +0.5% |
| 2023 | +34.6% | -44.0% |
| 2024 | +77.8% | -12.7% |
| 2025 | -81.0% | +5.7% |
| 2026 | -27.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUMA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between HUMA and VXZ?
As of 2026-08-27, the correlation of weekly returns between HUMA and VXZ is -0.26 over 3 years, -0.22 over 1 year and -0.26 over 5 years.
Is VXZ a good diversifier for HUMA?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/huma-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/huma-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUMA correlations · VXZ correlations
