SVRA vs VXX: Correlation
Savara, Inc. (SVRA) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SVRA and VXX?
On 3 years of weekly data the SVRA/VXX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.30). The 5-year figure is -0.26, and annualized covariance runs at -989.6 %².
Among the 10 assets we track against SVRA, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with SVRA ahead by 116.6 points (+66.9% versus -49.7%).
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.
SVRA vs VXX: side by side
| SVRA (Savara, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +66.9% | -49.7% |
| 5-year return | +286.6% | -95.6% |
| Volatility (ann.) | 53.3% | 60.9% |
| Beta vs S&P 500 | 1.15 | -3.31 |
| Max drawdown (3Y) | -65.3% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SVRA | VXX |
|---|---|---|
| 2022 | +25.0% | -23.8% |
| 2023 | +203.2% | -72.5% |
| 2024 | -34.7% | -26.2% |
| 2025 | +96.4% | -42.2% |
| 2026 | -9.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SVRA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between SVRA and VXX?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.40 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for SVRA?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/svra-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/svra-vs-vxx/)
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Related comparisons
Hubs: SVRA correlations · VXX correlations
