KD vs VXX: Correlation
Measured on weekly returns over the past three years, Kyndryl Holdings, Inc. (KD) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KD and VXX?
Across a 3-year window, the weekly returns of KD and VXX correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.37 over 3 years. Stretching to 5 years gives -0.32, with an annualized covariance of -1188.3 %².
VXX is close to the least connected end of KD's tracked universe, ranking #26 of 27. On 12-month performance VXX holds a 8.3-point edge, -58.0% against -49.7%.
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.
KD vs VXX: side by side
| KD (Kyndryl Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -58.0% | -49.7% |
| 5-year return | -67.5% | -95.6% |
| Volatility (ann.) | 53.4% | 60.9% |
| Beta vs S&P 500 | 1.59 | -3.31 |
| Max drawdown (3Y) | -75.6% | -83.3% |
| Market cap | $2.9B | – |
| P/E (trailing) | 34.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KD | VXX |
|---|---|---|
| 2022 | -38.6% | -23.8% |
| 2023 | +86.9% | -72.5% |
| 2024 | +66.5% | -26.2% |
| 2025 | -23.2% | -42.2% |
| 2026 | -50.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KD and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between KD and VXX?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.26 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for KD?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
A reading of -0.37 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/kd-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kd-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KD correlations · VXX correlations
