TSHA vs VXZ: Correlation
Taysha Gene Therapies, Inc. (TSHA) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSHA and VXZ?
Across a 3-year window, the weekly returns of TSHA and VXZ correlate at -0.32, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.32 over 3. Stretching to 5 years gives -0.24, with an annualized covariance of -832.1 %².
Among the 14 assets we track against TSHA, VXZ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: TSHA led by 116.8 percentage points, +100.7% for TSHA against -16.1% for VXZ. Risk is not evenly split, since TSHA carries 4.0 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.
TSHA vs VXZ: side by side
| TSHA (Taysha Gene Therapies, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +100.7% | -16.1% |
| 5-year return | -69.5% | -53.1% |
| Volatility (ann.) | 101.5% | 25.6% |
| Beta vs S&P 500 | 2.63 | -1.31 |
| Max drawdown (3Y) | -72.9% | -36.4% |
| Market cap | $1.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSHA | VXZ |
|---|---|---|
| 2022 | -80.6% | +0.5% |
| 2023 | -21.7% | -44.0% |
| 2024 | -2.3% | -12.7% |
| 2025 | +217.9% | +5.7% |
| 2026 | +8.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSHA and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between TSHA and VXZ?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.23 over the last year and -0.24 over 5 years.
Is VXZ a good diversifier for TSHA?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/tsha-vs-vxz.json
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[](https://www.pairbook.io/pair/tsha-vs-vxz/)
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Related comparisons
Hubs: TSHA correlations · VXZ correlations
