KBSX vs VVR: Correlation
How closely do FST Corp. (KBSX) and Invesco Senior Income Trust (VVR) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBSX and VVR?
On 3 years of weekly data the KBSX/VVR correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.34). The 5-year figure is -0.28, and annualized covariance runs at -449.9 %².
Among the 16 assets we track against KBSX, VVR sits near the bottom by co-movement, at rank #13. The last year tells two different stories: VVR led by 31.2 percentage points, -39.5% for KBSX against -8.3% for VVR. Note the risk asymmetry: KBSX runs 5.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KBSX vs VVR: side by side
| KBSX (FST Corp.) | VVR (Invesco Senior Income Trust) | |
|---|---|---|
| 1-year return | -39.5% | -8.3% |
| 5-year return | -89.8% | +22.0% |
| Volatility (ann.) | 88.4% | 15.0% |
| Beta vs S&P 500 | 0.95 | 0.32 |
| Max drawdown (3Y) | -94.0% | -19.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | 8.4 | 32.3 |
| Dividend yield | 0.00% | 15.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KBSX | VVR |
|---|---|---|
| 2022 | – | -1.1% |
| 2023 | +7.3% | +20.9% |
| 2024 | -12.7% | +9.0% |
| 2025 | -85.5% | -6.2% |
| 2026 | -27.9% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBSX and VVR good diversifiers for each other?
Yes. With a correlation of -0.34, KBSX and VVR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KBSX and VVR?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.15 over the last year and -0.28 over 5 years.
Is VVR a good diversifier for KBSX?
Yes. With a correlation of -0.34, KBSX and VVR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 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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Hubs: KBSX correlations · VVR correlations
