VKTX vs VXX: Correlation
How closely do Viking Therapeutics, Inc. (VKTX) 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 -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VKTX and VXX?
Over the past 3 years, VKTX and VXX moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.23 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1461.3 %².
Among the 22 assets we track against VKTX, VXX sits near the bottom by co-movement, at rank #20. The last year tells two different stories: VKTX led by 76.9 percentage points, +27.2% for VKTX against -49.7% for VXX. One caveat on sizing: VKTX is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
VKTX vs VXX: side by side
| VKTX (Viking Therapeutics, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +27.2% | -49.7% |
| 5-year return | +417.7% | -95.6% |
| Volatility (ann.) | 105.3% | 60.9% |
| Beta vs S&P 500 | 1.66 | -3.31 |
| Max drawdown (3Y) | -78.9% | -83.3% |
| Market cap | $3.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VKTX | VXX |
|---|---|---|
| 2022 | +104.3% | -23.8% |
| 2023 | +98.0% | -72.5% |
| 2024 | +116.2% | -26.2% |
| 2025 | -12.6% | -42.2% |
| 2026 | -3.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VKTX and VXX good diversifiers for each other?
Yes. With a correlation of -0.23, VKTX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between VKTX and VXX?
The VKTX/VXX correlation stands at -0.23 on a 3-year window (1 year: -0.07, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for VKTX?
Yes. With a correlation of -0.23, VKTX and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/vktx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vktx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: VKTX correlations · VXX correlations
