NRIX vs VXZ: Correlation
Nurix Therapeutics, Inc. (NRIX) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRIX and VXZ?
Across a 3-year window, the weekly returns of NRIX and VXZ correlate at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.35). Stretching to 5 years gives -0.31, with an annualized covariance of -704.4 %².
Out of 13 assets tracked against NRIX, VXZ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with NRIX ahead by 197.5 points (+181.4% versus -16.1%). Risk is not evenly split, since NRIX carries 3.0 times the volatility of the other side.
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 VXZ: side by side
| NRIX (Nurix Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +181.4% | -16.1% |
| 5-year return | -19.6% | -53.1% |
| Volatility (ann.) | 77.6% | 25.6% |
| Beta vs S&P 500 | 1.82 | -1.31 |
| Max drawdown (3Y) | -70.7% | -36.4% |
| Market cap | $2.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRIX | VXZ |
|---|---|---|
| 2022 | -62.1% | +0.5% |
| 2023 | -6.0% | -44.0% |
| 2024 | +82.6% | -12.7% |
| 2025 | +0.7% | +5.7% |
| 2026 | +41.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRIX and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between NRIX and VXZ?
As of 2026-08-27, the correlation of weekly returns between NRIX and VXZ is -0.35 over 3 years, -0.18 over 1 year and -0.31 over 5 years.
Is VXZ a good diversifier for NRIX?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrix-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRIX correlations · VXZ correlations
