IPSC vs VXX: Correlation
Measured on weekly returns over the past three years, Century Therapeutics, Inc. (IPSC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPSC and VXX?
Over the past 3 years, IPSC and VXX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -1783.2 %².
Among the 15 assets we track against IPSC, VXX sits near the bottom by co-movement, at rank #14. The last year tells two different stories: IPSC led by 382.7 percentage points, +333.0% for IPSC against -49.7% for VXX. Risk is not evenly split, since IPSC carries 1.8 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.
IPSC vs VXX: side by side
| IPSC (Century Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +333.0% | -49.7% |
| 5-year return | -90.7% | -95.6% |
| Volatility (ann.) | 111.4% | 60.9% |
| Beta vs S&P 500 | 2.01 | -3.31 |
| Max drawdown (3Y) | -92.7% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPSC | VXX |
|---|---|---|
| 2022 | -67.7% | -23.8% |
| 2023 | -35.3% | -72.5% |
| 2024 | -69.6% | -26.2% |
| 2025 | -1.5% | -42.2% |
| 2026 | +124.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPSC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between IPSC and VXX?
As of 2026-08-27, the correlation of weekly returns between IPSC and VXX is -0.26 over 3 years, -0.13 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for IPSC?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/ipsc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipsc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPSC correlations · VXX correlations
