KF vs VXZ: Correlation
Korea Fund, Inc. (The) New (KF) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KF and VXZ?
On 3 years of weekly data the KF/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.30 over 3. The 5-year figure is -0.35, and annualized covariance runs at -260.5 %².
Out of 17 assets tracked against KF, VXZ lands near the bottom at #15. The last year tells two different stories: KF led by 160.5 percentage points, +144.4% for KF against -16.1% for VXZ.
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 VXZ: side by side
| KF (Korea Fund, Inc. (The) New) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +144.4% | -16.1% |
| 5-year return | +138.0% | -53.1% |
| Volatility (ann.) | 33.8% | 25.6% |
| Beta vs S&P 500 | 1.18 | -1.31 |
| Max drawdown (3Y) | -35.2% | -36.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 2.17% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KF | VXZ |
|---|---|---|
| 2022 | -30.0% | +0.5% |
| 2023 | +12.3% | -44.0% |
| 2024 | -19.3% | -12.7% |
| 2025 | +104.8% | +5.7% |
| 2026 | +78.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KF and VXZ good diversifiers for each other?
Yes. With a correlation of -0.30, KF and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KF and VXZ?
As of 2026-08-27, the correlation of weekly returns between KF and VXZ is -0.30 over 3 years, -0.33 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for KF?
Yes. With a correlation of -0.30, KF and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/kf-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kf-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KF correlations · VXZ correlations
