UNCY vs VXZ: Correlation
Unicycive Therapeutics, Inc. (UNCY) 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 -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UNCY and VXZ?
Across a 3-year window, the weekly returns of UNCY and VXZ correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives 0.10, with an annualized covariance of -427.0 %².
VXZ is close to the least connected end of UNCY's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months UNCY outperformed by 44.9 percentage points (+28.8% for UNCY against -16.1% for VXZ). Risk is not evenly split, since UNCY carries 3.5 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.
UNCY vs VXZ: side by side
| UNCY (Unicycive Therapeutics, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +28.8% | -16.1% |
| 5-year return | -79.6% | -53.1% |
| Volatility (ann.) | 88.4% | 25.6% |
| Beta vs S&P 500 | 1.38 | -1.31 |
| Max drawdown (3Y) | -86.8% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UNCY | VXZ |
|---|---|---|
| 2022 | -73.8% | +0.5% |
| 2023 | +60.7% | -44.0% |
| 2024 | -8.5% | -12.7% |
| 2025 | -27.3% | +5.7% |
| 2026 | -4.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UNCY and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between UNCY and VXZ?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.14 over the last year and 0.10 over 5 years.
Is VXZ a good diversifier for UNCY?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/uncy-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uncy-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UNCY correlations · VXZ correlations
