OCGN vs VXX: Correlation
How closely do Ocugen, Inc. (OCGN) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCGN and VXX?
Across a 3-year window, the weekly returns of OCGN and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -1439.3 %².
Among the 12 assets we track against OCGN, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: OCGN led by 81.4 percentage points, +31.7% for OCGN against -49.7% for VXX. One caveat on sizing: OCGN is 1.6 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.
OCGN vs VXX: side by side
| OCGN (Ocugen, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +31.7% | -49.7% |
| 5-year return | -81.2% | -95.6% |
| Volatility (ann.) | 95.8% | 60.9% |
| Beta vs S&P 500 | 1.22 | -3.31 |
| Max drawdown (3Y) | -73.9% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCGN | VXX |
|---|---|---|
| 2022 | -71.4% | -23.8% |
| 2023 | -55.8% | -72.5% |
| 2024 | +40.0% | -26.2% |
| 2025 | +67.7% | -42.2% |
| 2026 | +1.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCGN and VXX good diversifiers for each other?
Yes. With a correlation of -0.25, OCGN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OCGN and VXX?
As of 2026-08-27, the correlation of weekly returns between OCGN and VXX is -0.25 over 3 years, -0.21 over 1 year and -0.26 over 5 years.
Is VXX a good diversifier for OCGN?
Yes. With a correlation of -0.25, OCGN and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/ocgn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ocgn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OCGN correlations · VXX correlations
