KEEL vs VXX: Correlation
Keel Infrastructure Corp. (KEEL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEEL and VXX?
Over the past 3 years, KEEL and VXX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -1636.0 %².
Among the 11 assets we track against KEEL, VXX sits near the bottom by co-movement, at rank #11. The last year tells two different stories: KEEL led by 211.6 percentage points, +161.9% for KEEL against -49.7% for VXX. Note the risk asymmetry: KEEL runs 1.8 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.
KEEL vs VXX: side by side
| KEEL (Keel Infrastructure Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +161.9% | -49.7% |
| 5-year return | -41.1% | -95.6% |
| Volatility (ann.) | 108.4% | 60.9% |
| Beta vs S&P 500 | 2.18 | -3.31 |
| Max drawdown (3Y) | -81.1% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KEEL | VXX |
|---|---|---|
| 2022 | -91.3% | -23.8% |
| 2023 | +561.4% | -72.5% |
| 2024 | -48.8% | -26.2% |
| 2025 | +57.7% | -42.2% |
| 2026 | +49.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEEL and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between KEEL and VXX?
The KEEL/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.17, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for KEEL?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/keel-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/keel-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEEL correlations · VXX correlations
