RAPP vs VXZ: Correlation
How closely do Rapport Therapeutics, Inc. (RAPP) 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 -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RAPP and VXZ?
On 3 years of weekly data the RAPP/VXZ correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.25 over 3. The 5-year figure is n/a, and annualized covariance runs at -577.1 %².
VXZ is close to the least connected end of RAPP's tracked universe, ranking #19 of 20. The last year tells two different stories: RAPP led by 255.6 percentage points, +239.5% for RAPP against -16.1% for VXZ. One caveat on sizing: RAPP is 3.5 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.
RAPP vs VXZ: side by side
| RAPP (Rapport Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +239.5% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 89.6% | 25.6% |
| Beta vs S&P 500 | 1.91 | -1.31 |
| Max drawdown (3Y) | -75.5% | -36.4% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RAPP | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | – | -12.7% |
| 2025 | +71.0% | +5.7% |
| 2026 | +67.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RAPP and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between RAPP and VXZ?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.27 over the last year and n/a over 5 years.
Is VXZ a good diversifier for RAPP?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/rapp-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rapp-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RAPP correlations · VXZ correlations
