KIM vs VXX: Correlation
How closely do Kimco Realty (KIM) 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 -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and VXX?
Across a 3-year window, the weekly returns of KIM and VXX correlate at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.34 over 3 years. Stretching to 5 years gives -0.38, with an annualized covariance of -478.6 %².
Out of 45 assets tracked against KIM, VXX lands near the bottom at #44. Correlation aside, the last 12 months split them widely, with KIM ahead by 61.1 points (+11.4% versus -49.7%). Risk is not evenly split, since VXX carries 2.7 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.
KIM vs VXX: side by side
| KIM (Kimco Realty) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.4% | -49.7% |
| 5-year return | +35.9% | -95.6% |
| Volatility (ann.) | 22.9% | 60.9% |
| Beta vs S&P 500 | 0.63 | -3.31 |
| Max drawdown (3Y) | -25.9% | -83.3% |
| Market cap | $16.0B | – |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 4.29% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | VXX |
|---|---|---|
| 2022 | -10.8% | -23.8% |
| 2023 | +6.1% | -72.5% |
| 2024 | +15.0% | -26.2% |
| 2025 | -9.3% | -42.2% |
| 2026 | +20.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between KIM and VXX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.04 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for KIM?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/kim-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kim-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KIM correlations · VXX correlations
