NTLA vs VXZ: Correlation
Measured on weekly returns over the past three years, Intellia Therapeutics, Inc. (NTLA) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTLA and VXZ?
Across a 3-year window, the weekly returns of NTLA and VXZ correlate at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives -0.39, with an annualized covariance of -711.2 %².
VXZ is close to the least connected end of NTLA's tracked universe, ranking #14 of 14. Their recent paths diverged sharply: over the last 12 months NTLA outperformed by 30.9 percentage points (+14.8% for NTLA against -16.1% for VXZ). One caveat on sizing: NTLA is 3.2 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.
NTLA vs VXZ: side by side
| NTLA (Intellia Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.8% | -16.1% |
| 5-year return | -91.5% | -53.1% |
| Volatility (ann.) | 82.2% | 25.6% |
| Beta vs S&P 500 | 2.32 | -1.31 |
| Max drawdown (3Y) | -83.6% | -36.4% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTLA | VXZ |
|---|---|---|
| 2022 | -70.5% | +0.5% |
| 2023 | -12.6% | -44.0% |
| 2024 | -61.8% | -12.7% |
| 2025 | -22.9% | +5.7% |
| 2026 | +45.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTLA and VXZ good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NTLA and VXZ?
The NTLA/VXZ correlation stands at -0.34 on a 3-year window (1 year: -0.28, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for NTLA?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/ntla-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntla-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTLA correlations · VXZ correlations
