IMRX vs VXX: Correlation
How closely do Immuneering Corporation (IMRX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMRX and VXX?
Across a 3-year window, the weekly returns of IMRX and VXX correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.24). Stretching to 5 years gives -0.19, with an annualized covariance of -1704.4 %².
Among the 11 assets we track against IMRX, VXX sits near the bottom by co-movement, at rank #9. The last year tells two different stories: IMRX led by 50.1 percentage points, +0.4% for IMRX against -49.7% for VXX. Note the risk asymmetry: IMRX runs 1.9 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.
IMRX vs VXX: side by side
| IMRX (Immuneering Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.4% | -49.7% |
| 5-year return | -80.2% | -95.6% |
| Volatility (ann.) | 116.1% | 60.9% |
| Beta vs S&P 500 | 2.14 | -3.31 |
| Max drawdown (3Y) | -88.7% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMRX | VXX |
|---|---|---|
| 2022 | -70.0% | -23.8% |
| 2023 | +51.5% | -72.5% |
| 2024 | -70.1% | -26.2% |
| 2025 | +199.1% | -42.2% |
| 2026 | -20.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMRX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMRX and VXX?
The IMRX/VXX correlation stands at -0.24 on a 3-year window (1 year: -0.11, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for IMRX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
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/imrx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imrx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMRX correlations · VXX correlations
