NGNE vs VXX: Correlation
Neurogene Inc. (NGNE) 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 -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGNE and VXX?
Over the past 3 years, NGNE and VXX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.31). Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -1918.2 %².
Out of 15 assets tracked against NGNE, VXX lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months NGNE outperformed by 141.9 percentage points (+92.2% for NGNE against -49.7% for VXX). One caveat on sizing: NGNE is 1.7 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.
NGNE vs VXX: side by side
| NGNE (Neurogene Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +92.2% | -49.7% |
| 5-year return | -76.7% | -95.6% |
| Volatility (ann.) | 102.1% | 60.9% |
| Beta vs S&P 500 | 2.68 | -3.31 |
| Max drawdown (3Y) | -89.7% | -83.3% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGNE | VXX |
|---|---|---|
| 2022 | -89.4% | -23.8% |
| 2023 | +90.4% | -72.5% |
| 2024 | +18.0% | -26.2% |
| 2025 | -9.9% | -42.2% |
| 2026 | +83.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGNE and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between NGNE and VXX?
As of 2026-08-27, the correlation of weekly returns between NGNE and VXX is -0.31 over 3 years, -0.02 over 1 year and -0.23 over 5 years.
Is VXX a good diversifier for NGNE?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 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/ngne-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ngne-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NGNE correlations · VXX correlations
