OGEN vs VXZ: Correlation
Measured on weekly returns over the past three years, Oragenics Inc. (OGEN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGEN and VXZ?
Over the past 3 years, OGEN and VXZ moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.30 over 3. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -937.5 %².
Among the 10 assets we track against OGEN, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with VXZ ahead by 35.5 points (-51.6% versus -16.1%). Note the risk asymmetry: OGEN runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OGEN vs VXZ: side by side
| OGEN (Oragenics Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -51.6% | -16.1% |
| 5-year return | -100.0% | -53.1% |
| Volatility (ann.) | 122.0% | 25.6% |
| Beta vs S&P 500 | 1.97 | -1.31 |
| Max drawdown (3Y) | -99.8% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 0.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OGEN | VXZ |
|---|---|---|
| 2022 | -75.6% | +0.5% |
| 2023 | -14.7% | -44.0% |
| 2024 | -93.4% | -12.7% |
| 2025 | -93.0% | +5.7% |
| 2026 | -31.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGEN and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, OGEN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OGEN and VXZ?
The OGEN/VXZ correlation stands at -0.30 on a 3-year window (1 year: -0.32, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for OGEN?
Yes. With a correlation of -0.30, OGEN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/ogen-vs-vxz.json
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[](https://www.pairbook.io/pair/ogen-vs-vxz/)
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Related comparisons
Hubs: OGEN correlations · VXZ correlations
