ORIC vs VXZ: Correlation
Measured on weekly returns over the past three years, Oric Pharmaceuticals, Inc. (ORIC) 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 ORIC and VXZ?
Over the past 3 years, ORIC and VXZ moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.22). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -465.5 %².
VXZ is close to the least connected end of ORIC's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months ORIC outperformed by 50.0 percentage points (+33.9% for ORIC against -16.1% for VXZ). One caveat on sizing: ORIC 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.
ORIC vs VXZ: side by side
| ORIC (Oric Pharmaceuticals, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +33.9% | -16.1% |
| 5-year return | -38.1% | -53.1% |
| Volatility (ann.) | 82.6% | 25.6% |
| Beta vs S&P 500 | 1.30 | -1.31 |
| Max drawdown (3Y) | -73.5% | -36.4% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORIC | VXZ |
|---|---|---|
| 2022 | -59.9% | +0.5% |
| 2023 | +56.2% | -44.0% |
| 2024 | -12.3% | -12.7% |
| 2025 | +1.4% | +5.7% |
| 2026 | +68.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORIC and VXZ good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ORIC and VXZ?
The ORIC/VXZ correlation stands at -0.22 on a 3-year window (1 year: 0.00, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for ORIC?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/oric-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oric-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ORIC correlations · VXZ correlations
