KKR vs VXX: Correlation
Measured on weekly returns over the past three years, KKR & Co. (KKR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.58, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KKR and VXX?
Over the past 3 years, KKR and VXX moved with a correlation of -0.58, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.28) runs above the 3-year figure (-0.58). Over 5 years the correlation is -0.55, and the annualized covariance of weekly returns is -1332.9 %².
Among the 37 assets we track against KKR, VXX sits near the bottom by co-movement, at rank #36. Correlation aside, the last 12 months split them widely, with KKR ahead by 28.1 points (-21.6% versus -49.7%). Risk is not evenly split, since VXX carries 1.6 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.
KKR vs VXX: side by side
| KKR (KKR & Co.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.6% | -49.7% |
| 5-year return | +77.3% | -95.6% |
| Volatility (ann.) | 37.8% | 60.9% |
| Beta vs S&P 500 | 1.76 | -3.31 |
| Max drawdown (3Y) | -49.4% | -83.3% |
| Market cap | $101.0B | – |
| P/E (trailing) | 34.7 | – |
| Dividend yield | 0.70% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | KKR | VXX |
|---|---|---|
| 2022 | -37.0% | -23.8% |
| 2023 | +80.5% | -72.5% |
| 2024 | +79.6% | -26.2% |
| 2025 | -13.3% | -42.2% |
| 2026 | -13.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KKR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
FAQ
What is the correlation between KKR and VXX?
As of 2026-08-27, the correlation of weekly returns between KKR and VXX is -0.58 over 3 years, -0.28 over 1 year and -0.55 over 5 years.
Is VXX a good diversifier for KKR?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
What does a correlation of -0.58 mean?
A reading of -0.58 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/kkr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kkr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KKR correlations · VXX correlations
