KYMR vs VXZ: Correlation
Kymera Therapeutics, Inc. (KYMR) 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 -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYMR and VXZ?
Over the past 3 years, KYMR and VXZ moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.38 over 3 years. Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -725.7 %².
VXZ is close to the least connected end of KYMR's tracked universe, ranking #31 of 31. Correlation aside, the last 12 months split them widely, with KYMR ahead by 200.6 points (+184.5% versus -16.1%). Note the risk asymmetry: KYMR runs 2.9 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.
KYMR vs VXZ: side by side
| KYMR (Kymera Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +184.5% | -16.1% |
| 5-year return | +96.7% | -53.1% |
| Volatility (ann.) | 74.1% | 25.6% |
| Beta vs S&P 500 | 2.12 | -1.31 |
| Max drawdown (3Y) | -59.8% | -36.4% |
| Market cap | $9.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYMR | VXZ |
|---|---|---|
| 2022 | -60.7% | +0.5% |
| 2023 | +2.0% | -44.0% |
| 2024 | +58.0% | -12.7% |
| 2025 | +93.4% | +5.7% |
| 2026 | +54.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYMR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.38, KYMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KYMR and VXZ?
The KYMR/VXZ correlation stands at -0.38 on a 3-year window (1 year: -0.26, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for KYMR?
Yes. With a correlation of -0.38, KYMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 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/kymr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kymr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KYMR correlations · VXZ correlations
