SLDB vs VXZ: Correlation
Solid Biosciences Inc. (SLDB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLDB and VXZ?
Across a 3-year window, the weekly returns of SLDB and VXZ correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.29, with an annualized covariance of -832.6 %².
Among the 14 assets we track against SLDB, VXZ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: SLDB led by 96.3 percentage points, +80.2% for SLDB against -16.1% for VXZ. One caveat on sizing: SLDB is 4.0 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.
SLDB vs VXZ: side by side
| SLDB (Solid Biosciences Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +80.2% | -16.1% |
| 5-year return | -75.0% | -53.1% |
| Volatility (ann.) | 103.6% | 25.6% |
| Beta vs S&P 500 | 2.35 | -1.31 |
| Max drawdown (3Y) | -82.9% | -36.4% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SLDB | VXZ |
|---|---|---|
| 2022 | -79.5% | +0.5% |
| 2023 | +14.1% | -44.0% |
| 2024 | -34.9% | -12.7% |
| 2025 | +41.0% | +5.7% |
| 2026 | +79.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLDB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, SLDB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SLDB and VXZ?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.32 over the last year and -0.29 over 5 years.
Is VXZ a good diversifier for SLDB?
Yes. With a correlation of -0.31, SLDB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sldb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sldb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLDB correlations · VXZ correlations
