INAB vs VXZ: Correlation
Measured on weekly returns over the past three years, IN8bio, Inc. (INAB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INAB and VXZ?
Across a 3-year window, the weekly returns of INAB and VXZ correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.25). Stretching to 5 years gives -0.23, with an annualized covariance of -730.5 %².
Among the 12 assets we track against INAB, VXZ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 38.3 percentage points (-54.4% for INAB against -16.1% for VXZ). Note the risk asymmetry: INAB runs 4.4 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.
INAB vs VXZ: side by side
| INAB (IN8bio, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -54.4% | -16.1% |
| 5-year return | -99.5% | -53.1% |
| Volatility (ann.) | 113.3% | 25.6% |
| Beta vs S&P 500 | 1.67 | -1.31 |
| Max drawdown (3Y) | -98.6% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INAB | VXZ |
|---|---|---|
| 2022 | -47.4% | +0.5% |
| 2023 | -40.3% | -44.0% |
| 2024 | -81.4% | -12.7% |
| 2025 | -69.6% | +5.7% |
| 2026 | -55.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INAB and VXZ good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INAB and VXZ?
The INAB/VXZ correlation stands at -0.25 on a 3-year window (1 year: -0.11, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for INAB?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/inab-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inab-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INAB correlations · VXZ correlations
