NRIX vs VXX: Correlation
How closely do Nurix Therapeutics, Inc. (NRIX) 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 -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRIX and VXX?
On 3 years of weekly data the NRIX/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.33). The 5-year figure is -0.30, and annualized covariance runs at -1558.1 %².
Among the 13 assets we track against NRIX, VXX sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with NRIX ahead by 231.1 points (+181.4% versus -49.7%).
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.
NRIX vs VXX: side by side
| NRIX (Nurix Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +181.4% | -49.7% |
| 5-year return | -19.6% | -95.6% |
| Volatility (ann.) | 77.6% | 60.9% |
| Beta vs S&P 500 | 1.82 | -3.31 |
| Max drawdown (3Y) | -70.7% | -83.3% |
| Market cap | $2.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRIX | VXX |
|---|---|---|
| 2022 | -62.1% | -23.8% |
| 2023 | -6.0% | -72.5% |
| 2024 | +82.6% | -26.2% |
| 2025 | +0.7% | -42.2% |
| 2026 | +41.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRIX and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NRIX and VXX?
The NRIX/VXX correlation stands at -0.33 on a 3-year window (1 year: -0.11, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for NRIX?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/nrix-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrix-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRIX correlations · VXX correlations
