KELYA vs VXX: Correlation
How closely do Kelly Services, Inc. (KELYA) 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 -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYA and VXX?
On 3 years of weekly data the KELYA/VXX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.28 over 3 years. The 5-year figure is -0.28, and annualized covariance runs at -644.0 %².
Among the 20 assets we track against KELYA, VXX sits near the bottom by co-movement, at rank #20. The last year tells two different stories: KELYA led by 73.9 percentage points, +24.2% for KELYA against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.6 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.
KELYA vs VXX: side by side
| KELYA (Kelly Services, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.2% | -49.7% |
| 5-year return | -5.4% | -95.6% |
| Volatility (ann.) | 37.3% | 60.9% |
| Beta vs S&P 500 | 0.73 | -3.31 |
| Max drawdown (3Y) | -66.5% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYA | VXX |
|---|---|---|
| 2022 | +2.3% | -23.8% |
| 2023 | +30.0% | -72.5% |
| 2024 | -34.5% | -26.2% |
| 2025 | -35.2% | -42.2% |
| 2026 | +98.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYA and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between KELYA and VXX?
The KELYA/VXX correlation stands at -0.28 on a 3-year window (1 year: -0.18, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for KELYA?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/kelya-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kelya-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KELYA correlations · VXX correlations
