KBDC vs VXX: Correlation
How closely do Kayne Anderson BDC, Inc. (KBDC) 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 -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBDC and VXX?
Over the past 3 years, KBDC and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -339.0 %².
Among the 13 assets we track against KBDC, VXX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: KBDC led by 50.6 percentage points, +0.9% for KBDC against -49.7% for VXX. One caveat on sizing: VXX is 3.9 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.
KBDC vs VXX: side by side
| KBDC (Kayne Anderson BDC, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.9% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 15.7% | 60.9% |
| Beta vs S&P 500 | 0.39 | -3.31 |
| Max drawdown (3Y) | -19.6% | -83.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KBDC | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | – | -26.2% |
| 2025 | -2.4% | -42.2% |
| 2026 | -0.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBDC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between KBDC and VXX?
As of 2026-08-27, the correlation of weekly returns between KBDC and VXX is -0.33 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is VXX a good diversifier for KBDC?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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/kbdc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kbdc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KBDC correlations · VXX correlations
