TYRA vs VXX: Correlation
Tyra Biosciences, Inc. (TYRA) 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 -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TYRA and VXX?
On 3 years of weekly data the TYRA/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.27). The 5-year figure is -0.23, and annualized covariance runs at -1104.3 %².
Among the 10 assets we track against TYRA, VXX sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with TYRA ahead by 152.6 points (+102.9% 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.
TYRA vs VXX: side by side
| TYRA (Tyra Biosciences, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +102.9% | -49.7% |
| 5-year return | +0.5% | -95.6% |
| Volatility (ann.) | 66.7% | 60.9% |
| Beta vs S&P 500 | 1.45 | -3.31 |
| Max drawdown (3Y) | -75.3% | -83.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TYRA | VXX |
|---|---|---|
| 2022 | -46.0% | -23.8% |
| 2023 | +82.2% | -72.5% |
| 2024 | +0.4% | -26.2% |
| 2025 | +89.1% | -42.2% |
| 2026 | -0.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TYRA 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 TYRA and VXX?
The TYRA/VXX correlation stands at -0.27 on a 3-year window (1 year: 0.10, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for TYRA?
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?
A reading of -0.27 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/tyra-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tyra-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TYRA correlations · VXX correlations
