LRMR vs VXZ: Correlation
Larimar Therapeutics, Inc. (LRMR) 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 -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRMR and VXZ?
Across a 3-year window, the weekly returns of LRMR and VXZ correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.15, with an annualized covariance of -554.8 %².
Out of 13 assets tracked against LRMR, VXZ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months LRMR outperformed by 19.9 percentage points (+3.8% for LRMR against -16.1% for VXZ). Risk is not evenly split, since LRMR carries 4.0 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.
LRMR vs VXZ: side by side
| LRMR (Larimar Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.8% | -16.1% |
| 5-year return | -71.6% | -53.1% |
| Volatility (ann.) | 101.9% | 25.6% |
| Beta vs S&P 500 | 1.81 | -1.31 |
| Max drawdown (3Y) | -87.1% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LRMR | VXZ |
|---|---|---|
| 2022 | -61.7% | +0.5% |
| 2023 | +10.2% | -44.0% |
| 2024 | -14.9% | -12.7% |
| 2025 | -1.6% | +5.7% |
| 2026 | +6.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LRMR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.21, LRMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LRMR and VXZ?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.01 over the last year and -0.15 over 5 years.
Is VXZ a good diversifier for LRMR?
Yes. With a correlation of -0.21, LRMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/lrmr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lrmr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LRMR correlations · VXZ correlations
