KF vs VXX: Correlation
How closely do Korea Fund, Inc. (The) New (KF) 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 -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KF and VXX?
Across a 3-year window, the weekly returns of KF and VXX correlate at -0.40, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.49 lands near the 3-year figure. Stretching to 5 years gives -0.39, with an annualized covariance of -821.4 %².
Out of 17 assets tracked against KF, VXX lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months KF outperformed by 194.1 percentage points (+144.4% for KF against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.8 times the volatility of the other side.
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.
KF vs VXX: side by side
| KF (Korea Fund, Inc. (The) New) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +144.4% | -49.7% |
| 5-year return | +138.0% | -95.6% |
| Volatility (ann.) | 33.8% | 60.9% |
| Beta vs S&P 500 | 1.18 | -3.31 |
| Max drawdown (3Y) | -35.2% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KF | VXX |
|---|---|---|
| 2022 | -30.0% | -23.8% |
| 2023 | +12.3% | -72.5% |
| 2024 | -19.3% | -26.2% |
| 2025 | +104.8% | -42.2% |
| 2026 | +78.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KF and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between KF and VXX?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.49 over the last year and -0.39 over 5 years.
Is VXX a good diversifier for KF?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KF correlations · VXX correlations
