LYEL vs VXX: Correlation
How closely do Lyell Immunopharma, Inc. (LYEL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYEL and VXX?
Over the past 3 years, LYEL and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -1669.0 %².
Out of 13 assets tracked against LYEL, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months LYEL outperformed by 79.2 percentage points (+29.5% for LYEL against -49.7% for VXX). Note the risk asymmetry: LYEL runs 1.6 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.
LYEL vs VXX: side by side
| LYEL (Lyell Immunopharma, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.5% | -49.7% |
| 5-year return | -95.4% | -95.6% |
| Volatility (ann.) | 99.9% | 60.9% |
| Beta vs S&P 500 | 2.09 | -3.31 |
| Max drawdown (3Y) | -87.3% | -83.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYEL | VXX |
|---|---|---|
| 2022 | -55.2% | -23.8% |
| 2023 | -44.1% | -72.5% |
| 2024 | -67.0% | -26.2% |
| 2025 | +140.5% | -42.2% |
| 2026 | -52.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYEL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between LYEL and VXX?
The LYEL/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.26, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for LYEL?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyel-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyel-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYEL correlations · VXX correlations
