MIRM vs VXX: Correlation
Mirum Pharmaceuticals, Inc. (MIRM) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIRM and VXX?
On 3 years of weekly data the MIRM/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.33 over 3 years. The 5-year figure is -0.33, and annualized covariance runs at -862.2 %².
VXX is close to the least connected end of MIRM's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months MIRM outperformed by 83.3 percentage points (+33.6% for MIRM 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.
MIRM vs VXX: side by side
| MIRM (Mirum Pharmaceuticals, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.6% | -49.7% |
| 5-year return | +522.7% | -95.6% |
| Volatility (ann.) | 43.0% | 60.9% |
| Beta vs S&P 500 | 0.73 | -3.31 |
| Max drawdown (3Y) | -32.5% | -83.3% |
| Market cap | $6.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIRM | VXX |
|---|---|---|
| 2022 | +22.3% | -23.8% |
| 2023 | +51.4% | -72.5% |
| 2024 | +40.1% | -26.2% |
| 2025 | +91.0% | -42.2% |
| 2026 | +26.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIRM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between MIRM and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.18 over the last year and -0.33 over 5 years.
Is VXX a good diversifier for MIRM?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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/mirm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mirm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MIRM correlations · VXX correlations
