KLAC vs VXX: Correlation
KLA Corporation (KLAC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLAC and VXX?
Across a 3-year window, the weekly returns of KLAC and VXX correlate at -0.49, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.40 over 1 year against -0.49 over 3. Stretching to 5 years gives -0.47, with an annualized covariance of -1354.1 %².
Out of 40 assets tracked against KLAC, VXX lands near the bottom at #39. The last year tells two different stories: KLAC led by 157.6 percentage points, +107.9% for KLAC against -49.7% for VXX.
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.
KLAC vs VXX: side by side
| KLAC (KLA Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +107.9% | -49.7% |
| 5-year return | +463.9% | -95.6% |
| Volatility (ann.) | 45.6% | 60.9% |
| Beta vs S&P 500 | 1.84 | -3.31 |
| Max drawdown (3Y) | -43.6% | -83.3% |
| Market cap | $240.1B | – |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.44% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KLAC | VXX |
|---|---|---|
| 2022 | -11.2% | -23.8% |
| 2023 | +56.0% | -72.5% |
| 2024 | +9.4% | -26.2% |
| 2025 | +94.5% | -42.2% |
| 2026 | +51.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLAC and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KLAC and VXX?
As of 2026-08-27, the correlation of weekly returns between KLAC and VXX is -0.49 over 3 years, -0.40 over 1 year and -0.47 over 5 years.
Is VXX a good diversifier for KLAC?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 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/klac-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/klac-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: KLAC correlations · VXX correlations
