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PYXS vs VTGN: Correlation

How closely do Pyxis Oncology, Inc. (PYXS) and Vistagen Therapeutics, Inc. (VTGN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.40
moderate
Correlation (1Y)
0.50
last 12 months
Correlation (5Y)
0.19
long-run
Ann. covariance
4361.3
%² · weekly, annualized

How correlated are PYXS and VTGN?

Over the past 3 years, PYXS and VTGN moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 4361.3 %².

Within PYXS's tracked universe of 11 assets, VTGN comes in at #5 by 3-year correlation. The last year tells two different stories: PYXS led by 236.0 percentage points, +144.1% for PYXS against -91.9% for VTGN.

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.

PYXS vs VTGN: side by side

PYXS (Pyxis Oncology, Inc.)VTGN (Vistagen Therapeutics, Inc.)
1-year return+144.1%-91.9%
5-year return-74.8%-99.7%
Volatility (ann.)120.2%90.2%
Beta vs S&P 5001.510.98
Max drawdown (3Y)-86.7%-96.6%
Market cap$0.3B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: PYXS -86.7% vs -96.6%Higher 5y return: PYXS -74.8% vs -99.7%
-94%0%+172%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. PYXS · VTGN

Year-by-year returns

YearPYXSVTGN
2022-87.8%-94.9%
2023+34.3%+71.3%
2024-13.3%-42.6%
2025-26.3%-77.6%
2026+188.7%-61.1%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are PYXS and VTGN good diversifiers for each other?

A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

FAQ

What is the correlation between PYXS and VTGN?

As of 2026-08-27, the correlation of weekly returns between PYXS and VTGN is 0.40 over 3 years, 0.50 over 1 year and 0.19 over 5 years.

Is VTGN a good diversifier for PYXS?

A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

What does a correlation of 0.40 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

JSON API · no key required
$ curl https://www.pairbook.io/api/v1/pairs/pyxs-vs-vtgn.json

PYXS vs VTGN: 3-year weekly correlation 0.40PYXS vs VTGN0.40

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Related comparisons

Hubs: PYXS correlations · VTGN correlations