OSUR vs VXZ: Correlation
OraSure Technologies, Inc. (OSUR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSUR and VXZ?
On 3 years of weekly data the OSUR/VXZ correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.16, and annualized covariance runs at -271.6 %².
VXZ is close to the least connected end of OSUR's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months OSUR outperformed by 26.6 percentage points (+10.5% for OSUR against -16.1% for VXZ). One caveat on sizing: OSUR 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.
OSUR vs VXZ: side by side
| OSUR (OraSure Technologies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +10.5% | -16.1% |
| 5-year return | -66.1% | -53.1% |
| Volatility (ann.) | 40.8% | 25.6% |
| Beta vs S&P 500 | 0.83 | -1.31 |
| Max drawdown (3Y) | -74.7% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSUR | VXZ |
|---|---|---|
| 2022 | -44.5% | +0.5% |
| 2023 | +70.1% | -44.0% |
| 2024 | -56.0% | -12.7% |
| 2025 | -33.0% | +5.7% |
| 2026 | +52.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSUR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between OSUR and VXZ?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.25 over the last year and -0.16 over 5 years.
Is VXZ a good diversifier for OSUR?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/osur-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/osur-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OSUR correlations · VXZ correlations
