KALU vs VXX: Correlation
Measured on weekly returns over the past three years, Kaiser Aluminum Corporation (KALU) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KALU and VXX?
Across a 3-year window, the weekly returns of KALU and VXX correlate at -0.44, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.28) than the 3-year average (-0.44). Stretching to 5 years gives -0.43, with an annualized covariance of -1256.6 %².
VXX is close to the least connected end of KALU's tracked universe, ranking #17 of 17. Their recent paths diverged sharply: over the last 12 months KALU outperformed by 153.5 percentage points (+103.8% for KALU against -49.7% for VXX).
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.
KALU vs VXX: side by side
| KALU (Kaiser Aluminum Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +103.8% | -49.7% |
| 5-year return | +51.7% | -95.6% |
| Volatility (ann.) | 46.6% | 60.9% |
| Beta vs S&P 500 | 1.72 | -3.31 |
| Max drawdown (3Y) | -48.9% | -83.3% |
| Market cap | $2.6B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KALU | VXX |
|---|---|---|
| 2022 | -16.2% | -23.8% |
| 2023 | -2.1% | -72.5% |
| 2024 | +2.7% | -26.2% |
| 2025 | +70.1% | -42.2% |
| 2026 | +38.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KALU and VXX good diversifiers for each other?
Yes. With a correlation of -0.44, KALU and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KALU and VXX?
The KALU/VXX correlation stands at -0.44 on a 3-year window (1 year: -0.28, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for KALU?
Yes. With a correlation of -0.44, KALU and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kalu-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kalu-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KALU correlations · VXX correlations
