NMTC vs VXX: Correlation
Measured on weekly returns over the past three years, NeuroOne Medical Technologies Corporation (NMTC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMTC and VXX?
On 3 years of weekly data the NMTC/VXX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.25 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -1258.3 %².
Out of 13 assets tracked against NMTC, VXX lands near the bottom at #11. The trailing year gives VXX the advantage: -56.0% versus -49.7%, a 6.3-point spread.
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.
NMTC vs VXX: side by side
| NMTC (NeuroOne Medical Technologies Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -56.0% | -49.7% |
| 5-year return | -91.3% | -95.6% |
| Volatility (ann.) | 83.8% | 60.9% |
| Beta vs S&P 500 | 1.16 | -3.31 |
| Max drawdown (3Y) | -86.8% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMTC | VXX |
|---|---|---|
| 2022 | -38.1% | -23.8% |
| 2023 | +31.7% | -72.5% |
| 2024 | -47.7% | -26.2% |
| 2025 | -8.2% | -42.2% |
| 2026 | -56.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMTC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between NMTC and VXX?
As of 2026-08-27, the correlation of weekly returns between NMTC and VXX is -0.25 over 3 years, 0.09 over 1 year and -0.10 over 5 years.
Is VXX a good diversifier for NMTC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/nmtc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmtc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NMTC correlations · VXX correlations
