ONCO vs VXZ: Correlation
Measured on weekly returns over the past three years, Onconetix, Inc. (ONCO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONCO and VXZ?
Over the past 3 years, ONCO and VXZ moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -797.8 %².
Out of 10 assets tracked against ONCO, VXZ lands near the bottom at #8. The last year tells two different stories: VXZ led by 83.5 percentage points, -99.6% for ONCO against -16.1% for VXZ. Risk is not evenly split, since ONCO carries 5.7 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.
ONCO vs VXZ: side by side
| ONCO (Onconetix, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -99.6% | -16.1% |
| 5-year return | -100.0% | -53.1% |
| Volatility (ann.) | 145.0% | 25.6% |
| Beta vs S&P 500 | 1.80 | -1.31 |
| Max drawdown (3Y) | -100.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONCO | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | -82.0% | -44.0% |
| 2024 | -92.0% | -12.7% |
| 2025 | -97.1% | +5.7% |
| 2026 | -99.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONCO and VXZ good diversifiers for each other?
Yes. With a correlation of -0.22, ONCO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ONCO and VXZ?
The ONCO/VXZ correlation stands at -0.22 on a 3-year window (1 year: -0.10, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ONCO?
Yes. With a correlation of -0.22, ONCO and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/onco-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/onco-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ONCO correlations · VXZ correlations
