IKT vs VXZ: Correlation
Inhibikase Therapeutics, Inc. (IKT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IKT and VXZ?
Across a 3-year window, the weekly returns of IKT and VXZ correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.20, with an annualized covariance of -578.2 %².
Out of 11 assets tracked against IKT, VXZ lands near the bottom at #11. The last year tells two different stories: IKT led by 54.1 percentage points, +38.0% for IKT against -16.1% for VXZ. Risk is not evenly split, since IKT carries 3.7 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.
IKT vs VXZ: side by side
| IKT (Inhibikase Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +38.0% | -16.1% |
| 5-year return | -81.3% | -53.1% |
| Volatility (ann.) | 94.9% | 25.6% |
| Beta vs S&P 500 | 1.74 | -1.31 |
| Max drawdown (3Y) | -65.4% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IKT | VXZ |
|---|---|---|
| 2022 | -66.0% | +0.5% |
| 2023 | -57.7% | -44.0% |
| 2024 | +155.9% | -12.7% |
| 2025 | -36.9% | +5.7% |
| 2026 | +20.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IKT and VXZ good diversifiers for each other?
Yes. With a correlation of -0.24, IKT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IKT and VXZ?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.22 over the last year and -0.20 over 5 years.
Is VXZ a good diversifier for IKT?
Yes. With a correlation of -0.24, IKT and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/ikt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ikt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IKT correlations · VXZ correlations
