INAB vs VXX: Correlation
IN8bio, Inc. (INAB) 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 -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INAB and VXX?
Across a 3-year window, the weekly returns of INAB and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.25 over 3. Stretching to 5 years gives -0.23, with an annualized covariance of -1720.3 %².
VXX is close to the least connected end of INAB's tracked universe, ranking #10 of 12. Twelve-month performance is nearly a tie, at -54.4% for INAB and -49.7% for VXX. Risk is not evenly split, since INAB carries 1.9 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.
INAB vs VXX: side by side
| INAB (IN8bio, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -54.4% | -49.7% |
| 5-year return | -99.5% | -95.6% |
| Volatility (ann.) | 113.3% | 60.9% |
| Beta vs S&P 500 | 1.67 | -3.31 |
| Max drawdown (3Y) | -98.6% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INAB | VXX |
|---|---|---|
| 2022 | -47.4% | -23.8% |
| 2023 | -40.3% | -72.5% |
| 2024 | -81.4% | -26.2% |
| 2025 | -69.6% | -42.2% |
| 2026 | -55.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INAB and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, INAB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INAB and VXX?
The INAB/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.19, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for INAB?
Yes. With a correlation of -0.25, INAB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/inab-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inab-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INAB correlations · VXX correlations
