ORMP vs VXX: Correlation
How closely do Oramed Pharmaceuticals Inc. (ORMP) 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 -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORMP and VXX?
Across a 3-year window, the weekly returns of ORMP and VXX correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.18, with an annualized covariance of -563.1 %².
VXX is close to the least connected end of ORMP's tracked universe, ranking #11 of 11. The last year tells two different stories: ORMP led by 197.2 percentage points, +147.5% for ORMP against -49.7% for VXX.
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.
ORMP vs VXX: side by side
| ORMP (Oramed Pharmaceuticals Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +147.5% | -49.7% |
| 5-year return | -71.1% | -95.6% |
| Volatility (ann.) | 47.3% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -50.3% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 1.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORMP | VXX |
|---|---|---|
| 2022 | -15.8% | -23.8% |
| 2023 | -80.8% | -72.5% |
| 2024 | +4.8% | -26.2% |
| 2025 | +17.8% | -42.2% |
| 2026 | +92.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORMP and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ORMP and VXX?
As of 2026-08-27, the correlation of weekly returns between ORMP and VXX is -0.20 over 3 years, -0.15 over 1 year and -0.18 over 5 years.
Is VXX a good diversifier for ORMP?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/ormp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ormp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ORMP correlations · VXX correlations
