IPSC vs VXZ: Correlation
Century Therapeutics, Inc. (IPSC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPSC and VXZ?
Across a 3-year window, the weekly returns of IPSC and VXZ correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.22, with an annualized covariance of -763.2 %².
Out of 15 assets tracked against IPSC, VXZ lands near the bottom at #15. The last year tells two different stories: IPSC led by 349.1 percentage points, +333.0% for IPSC against -16.1% for VXZ. One caveat on sizing: IPSC is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VXZ: side by side
| IPSC (Century Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +333.0% | -16.1% |
| 5-year return | -90.7% | -53.1% |
| Volatility (ann.) | 111.4% | 25.6% |
| Beta vs S&P 500 | 2.01 | -1.31 |
| Max drawdown (3Y) | -92.7% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPSC | VXZ |
|---|---|---|
| 2022 | -67.7% | +0.5% |
| 2023 | -35.3% | -44.0% |
| 2024 | -69.6% | -12.7% |
| 2025 | -1.5% | +5.7% |
| 2026 | +124.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPSC and VXZ good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IPSC and VXZ?
The IPSC/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.26, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for IPSC?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipsc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IPSC correlations · VXZ correlations
