MAIA vs VXZ: Correlation
How closely do MAIA Biotechnology, Inc. (MAIA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAIA and VXZ?
Across a 3-year window, the weekly returns of MAIA and VXZ correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.26 over 3 years. Stretching to 5 years gives -0.27, with an annualized covariance of -613.6 %².
Out of 11 assets tracked against MAIA, VXZ lands near the bottom at #9. Their 12-month results are close: -16.4% for MAIA against -16.1% for VXZ. One caveat on sizing: MAIA is 3.5 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.
MAIA vs VXZ: side by side
| MAIA (MAIA Biotechnology, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -16.4% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 90.7% | 25.6% |
| Beta vs S&P 500 | 1.35 | -1.31 |
| Max drawdown (3Y) | -82.9% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAIA | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | -66.7% | -44.0% |
| 2024 | +69.2% | -12.7% |
| 2025 | -22.7% | +5.7% |
| 2026 | -9.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAIA and VXZ good diversifiers for each other?
Yes. With a correlation of -0.26, MAIA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAIA and VXZ?
The MAIA/VXZ correlation stands at -0.26 on a 3-year window (1 year: -0.50, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for MAIA?
Yes. With a correlation of -0.26, MAIA and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/maia-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/maia-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAIA correlations · VXZ correlations
