TNYA vs VXX: Correlation
How closely do Tenaya Therapeutics, Inc. (TNYA) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TNYA and VXX?
Over the past 3 years, TNYA and VXX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.21) runs above the 3-year figure (-0.27). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -2058.2 %².
VXX is close to the least connected end of TNYA's tracked universe, ranking #9 of 10. On 12-month performance TNYA holds a 12.9-point edge, -36.8% against -49.7%. Risk is not evenly split, since TNYA carries 2.1 times the volatility of the other side.
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.
TNYA vs VXX: side by side
| TNYA (Tenaya Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -36.8% | -49.7% |
| 5-year return | -97.3% | -95.6% |
| Volatility (ann.) | 126.0% | 60.9% |
| Beta vs S&P 500 | 2.90 | -3.31 |
| Max drawdown (3Y) | -94.3% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TNYA | VXX |
|---|---|---|
| 2022 | -89.4% | -23.8% |
| 2023 | +61.2% | -72.5% |
| 2024 | -55.9% | -26.2% |
| 2025 | -50.2% | -42.2% |
| 2026 | -2.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TNYA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between TNYA and VXX?
As of 2026-08-27, the correlation of weekly returns between TNYA and VXX is -0.27 over 3 years, 0.21 over 1 year and -0.25 over 5 years.
Is VXX a good diversifier for TNYA?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/tnya-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tnya-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TNYA correlations · VXX correlations
