REGN vs VXZ: Correlation
Measured on weekly returns over the past three years, Regeneron Pharmaceuticals (REGN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REGN and VXZ?
On 3 years of weekly data the REGN/VXZ correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.25 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -206.5 %².
Out of 27 assets tracked against REGN, VXZ lands near the bottom at #25. Their recent paths diverged sharply: over the last 12 months REGN outperformed by 54.4 percentage points (+38.3% for REGN against -16.1% for VXZ).
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.
REGN vs VXZ: side by side
| REGN (Regeneron Pharmaceuticals) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +38.3% | -16.1% |
| 5-year return | +20.4% | -53.1% |
| Volatility (ann.) | 31.8% | 25.6% |
| Beta vs S&P 500 | 0.61 | -1.31 |
| Max drawdown (3Y) | -59.7% | -36.4% |
| Market cap | $83.2B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.45% | – |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | REGN | VXZ |
|---|---|---|
| 2022 | +14.2% | +0.5% |
| 2023 | +21.7% | -44.0% |
| 2024 | -18.9% | -12.7% |
| 2025 | +9.0% | +5.7% |
| 2026 | +5.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REGN and VXZ good diversifiers for each other?
Yes. With a correlation of -0.25, REGN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between REGN and VXZ?
The REGN/VXZ correlation stands at -0.25 on a 3-year window (1 year: 0.03, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for REGN?
Yes. With a correlation of -0.25, REGN and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/regn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/regn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: REGN correlations · VXZ correlations
