PGEN vs VXZ: Correlation
How closely do Precigen, Inc. (PGEN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGEN and VXZ?
Over the past 3 years, PGEN and VXZ moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -671.0 %².
VXZ is close to the least connected end of PGEN's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months PGEN outperformed by 72.7 percentage points (+56.6% for PGEN against -16.1% for VXZ). Risk is not evenly split, since PGEN carries 3.6 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.
PGEN vs VXZ: side by side
| PGEN (Precigen, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +56.6% | -16.1% |
| 5-year return | +20.8% | -53.1% |
| Volatility (ann.) | 92.8% | 25.6% |
| Beta vs S&P 500 | 1.77 | -1.31 |
| Max drawdown (3Y) | -64.4% | -36.4% |
| Market cap | $2.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGEN | VXZ |
|---|---|---|
| 2022 | -59.0% | +0.5% |
| 2023 | -11.8% | -44.0% |
| 2024 | -16.4% | -12.7% |
| 2025 | +273.2% | +5.7% |
| 2026 | +72.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGEN and VXZ good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PGEN and VXZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.27 over the last year and -0.25 over 5 years.
Is VXZ a good diversifier for PGEN?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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/pgen-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pgen-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PGEN correlations · VXZ correlations
