SANA vs VXX: Correlation
How closely do Sana Biotechnology, Inc. (SANA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SANA and VXX?
Over the past 3 years, SANA and VXX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.58) runs below the 3-year figure (-0.22). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -1507.0 %².
Among the 18 assets we track against SANA, VXX sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with SANA ahead by 71.1 points (+21.4% versus -49.7%). One caveat on sizing: SANA is 1.9 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.
SANA vs VXX: side by side
| SANA (Sana Biotechnology, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +21.4% | -49.7% |
| 5-year return | -82.9% | -95.6% |
| Volatility (ann.) | 115.0% | 60.9% |
| Beta vs S&P 500 | 1.88 | -3.31 |
| Max drawdown (3Y) | -88.1% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SANA | VXX |
|---|---|---|
| 2022 | -74.5% | -23.8% |
| 2023 | +3.3% | -72.5% |
| 2024 | -60.0% | -26.2% |
| 2025 | +149.7% | -42.2% |
| 2026 | +0.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SANA and VXX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SANA and VXX?
As of 2026-08-27, the correlation of weekly returns between SANA and VXX is -0.22 over 3 years, -0.58 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for SANA?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/sana-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sana-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SANA correlations · VXX correlations
