LXEO vs VXZ: Correlation
Lexeo Therapeutics, Inc. (LXEO) 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 -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXEO and VXZ?
Over the past 3 years, LXEO and VXZ moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -655.7 %².
VXZ is close to the least connected end of LXEO's tracked universe, ranking #12 of 13. Their recent paths diverged sharply: over the last 12 months LXEO outperformed by 19.0 percentage points (+2.9% for LXEO against -16.1% for VXZ). One caveat on sizing: LXEO is 4.0 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.
LXEO vs VXZ: side by side
| LXEO (Lexeo Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +2.9% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 103.0% | 25.6% |
| Beta vs S&P 500 | 2.10 | -1.31 |
| Max drawdown (3Y) | -90.5% | -36.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXEO | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | -51.0% | -12.7% |
| 2025 | +50.9% | +5.7% |
| 2026 | -49.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXEO and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between LXEO and VXZ?
The LXEO/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for LXEO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/lxeo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lxeo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LXEO correlations · VXZ correlations
