KIM vs VXZ: Correlation
How closely do Kimco Realty (KIM) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KIM and VXZ?
Across a 3-year window, the weekly returns of KIM and VXZ correlate at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.19) than the 3-year average (-0.42). Stretching to 5 years gives -0.48, with an annualized covariance of -244.5 %².
Among the 45 assets we track against KIM, VXZ sits near the bottom by co-movement, at rank #45. Their recent paths diverged sharply: over the last 12 months KIM outperformed by 27.5 percentage points (+11.4% for KIM 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.
KIM vs VXZ: side by side
| KIM (Kimco Realty) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.4% | -16.1% |
| 5-year return | +35.9% | -53.1% |
| Volatility (ann.) | 22.9% | 25.6% |
| Beta vs S&P 500 | 0.63 | -1.31 |
| Max drawdown (3Y) | -25.9% | -36.4% |
| Market cap | $16.0B | – |
| P/E (trailing) | 28.0 | – |
| Dividend yield | 4.29% | – |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | KIM | VXZ |
|---|---|---|
| 2022 | -10.8% | +0.5% |
| 2023 | +6.1% | -44.0% |
| 2024 | +15.0% | -12.7% |
| 2025 | -9.3% | +5.7% |
| 2026 | +20.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KIM and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between KIM and VXZ?
The KIM/VXZ correlation stands at -0.42 on a 3-year window (1 year: -0.19, 5 years: -0.48), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for KIM?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 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/kim-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kim-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KIM correlations · VXZ correlations
