KIDS vs VXZ: Correlation
Measured on weekly returns over the past three years, OrthoPediatrics Corp. (KIDS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIDS and VXZ?
Across a 3-year window, the weekly returns of KIDS and VXZ correlate at -0.25, 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. Stretching to 5 years gives -0.27, with an annualized covariance of -306.5 %².
Out of 12 assets tracked against KIDS, VXZ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with KIDS ahead by 23.9 points (+7.8% versus -16.1%). One caveat on sizing: KIDS is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KIDS vs VXZ: side by side
| KIDS (OrthoPediatrics Corp.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.8% | -16.1% |
| 5-year return | -65.6% | -53.1% |
| Volatility (ann.) | 47.6% | 25.6% |
| Beta vs S&P 500 | 0.91 | -1.31 |
| Max drawdown (3Y) | -62.1% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KIDS | VXZ |
|---|---|---|
| 2022 | -33.6% | +0.5% |
| 2023 | -18.2% | -44.0% |
| 2024 | -28.7% | -12.7% |
| 2025 | -23.4% | +5.7% |
| 2026 | +31.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIDS and VXZ 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 KIDS and VXZ?
As of 2026-08-27, the correlation of weekly returns between KIDS and VXZ is -0.25 over 3 years, -0.17 over 1 year and -0.27 over 5 years.
Is VXZ a good diversifier for KIDS?
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?
On the −1 to +1 scale, -0.25 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/kids-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kids-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KIDS correlations · VXZ correlations
