LENZ vs VXX: Correlation
LENZ Therapeutics, Inc. (LENZ) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LENZ and VXX?
Over the past 3 years, LENZ and VXX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1060.0 %².
VXX is close to the least connected end of LENZ's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months VXX outperformed by 37.4 percentage points (-87.1% for LENZ against -49.7% for VXX).
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.
LENZ vs VXX: side by side
| LENZ (LENZ Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -87.1% | -49.7% |
| 5-year return | -92.9% | -95.6% |
| Volatility (ann.) | 78.6% | 60.9% |
| Beta vs S&P 500 | 1.26 | -3.31 |
| Max drawdown (3Y) | -90.6% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LENZ | VXX |
|---|---|---|
| 2022 | -73.3% | -23.8% |
| 2023 | -21.1% | -72.5% |
| 2024 | +230.7% | -26.2% |
| 2025 | -44.6% | -42.2% |
| 2026 | -69.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LENZ and VXX good diversifiers for each other?
Yes. With a correlation of -0.22, LENZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LENZ and VXX?
As of 2026-08-27, the correlation of weekly returns between LENZ and VXX is -0.22 over 3 years, -0.21 over 1 year and -0.19 over 5 years.
Is VXX a good diversifier for LENZ?
Yes. With a correlation of -0.22, LENZ and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/lenz-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lenz-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LENZ correlations · VXX correlations
