VXX vs VYGR: Correlation
Measured on weekly returns over the past three years, iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) and Voyager Therapeutics, Inc. (VYGR) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VXX and VYGR?
On 3 years of weekly data the VXX/VYGR correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.26). The 5-year figure is -0.22, and annualized covariance runs at -969.6 %².
Among the 2872 assets we track against VXX, VYGR ranks #522 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VYGR outperformed by 50.9 percentage points (-49.7% for VXX against +1.2% for VYGR).
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.
VXX vs VYGR: side by side
| VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | VYGR (Voyager Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -49.7% | +1.2% |
| 5-year return | -95.6% | +7.5% |
| Volatility (ann.) | 60.9% | 60.2% |
| Beta vs S&P 500 | -3.31 | 1.35 |
| Max drawdown (3Y) | -83.3% | -74.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | VXX | VYGR |
|---|---|---|
| 2022 | -23.8% | +125.1% |
| 2023 | -72.5% | +38.4% |
| 2024 | -26.2% | -32.8% |
| 2025 | -42.2% | -30.7% |
| 2026 | -31.6% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VXX and VYGR good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between VXX and VYGR?
The VXX/VYGR correlation stands at -0.26 on a 3-year window (1 year: -0.12, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is VYGR a good diversifier for VXX?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: VXX correlations · VYGR correlations
