KRRO vs VXZ: Correlation
How closely do Korro Bio, Inc. (KRRO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRRO and VXZ?
Over the past 3 years, KRRO and VXZ moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1439.4 %².
Among the 16 assets we track against KRRO, VXZ sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with VXZ ahead by 22.5 points (-38.6% versus -16.1%). Risk is not evenly split, since KRRO carries 6.5 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.
KRRO vs VXZ: side by side
| KRRO (Korro Bio, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -38.6% | -16.1% |
| 5-year return | -96.6% | -53.1% |
| Volatility (ann.) | 166.3% | 25.6% |
| Beta vs S&P 500 | 3.17 | -1.31 |
| Max drawdown (3Y) | -94.1% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRRO | VXZ |
|---|---|---|
| 2022 | -25.0% | +0.5% |
| 2023 | -75.1% | -44.0% |
| 2024 | -20.6% | -12.7% |
| 2025 | -79.0% | +5.7% |
| 2026 | +65.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRRO and VXZ good diversifiers for each other?
Yes. With a correlation of -0.34, KRRO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KRRO and VXZ?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.25 over the last year and -0.29 over 5 years.
Is VXZ a good diversifier for KRRO?
Yes. With a correlation of -0.34, KRRO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 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/krro-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krro-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRRO correlations · VXZ correlations
