IMMX vs VXZ: Correlation
Measured on weekly returns over the past three years, Immix Biopharma, Inc. (IMMX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMMX and VXZ?
On 3 years of weekly data the IMMX/VXZ correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.22 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -485.1 %².
VXZ is close to the least connected end of IMMX's tracked universe, ranking #9 of 10. The last year tells two different stories: IMMX led by 646.2 percentage points, +630.1% for IMMX against -16.1% for VXZ. Risk is not evenly split, since IMMX 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.
IMMX vs VXZ: side by side
| IMMX (Immix Biopharma, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +630.1% | -16.1% |
| 5-year return | +289.9% | -53.1% |
| Volatility (ann.) | 86.8% | 25.6% |
| Beta vs S&P 500 | 1.23 | -1.31 |
| Max drawdown (3Y) | -81.6% | -36.4% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMMX | VXZ |
|---|---|---|
| 2022 | -35.7% | +0.5% |
| 2023 | +202.2% | -44.0% |
| 2024 | -68.2% | -12.7% |
| 2025 | +137.7% | +5.7% |
| 2026 | +173.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMMX and VXZ good diversifiers for each other?
Yes. With a correlation of -0.22, IMMX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMMX and VXZ?
As of 2026-08-27, the correlation of weekly returns between IMMX and VXZ is -0.22 over 3 years, -0.05 over 1 year and -0.20 over 5 years.
Is VXZ a good diversifier for IMMX?
Yes. With a correlation of -0.22, IMMX and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/immx-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/immx-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMMX correlations · VXZ correlations
