KLAC vs VXZ: Correlation
Measured on weekly returns over the past three years, KLA Corporation (KLAC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLAC and VXZ?
On 3 years of weekly data the KLAC/VXZ correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is -0.45, and annualized covariance runs at -510.5 %².
VXZ is close to the least connected end of KLAC's tracked universe, ranking #38 of 40. Correlation aside, the last 12 months split them widely, with KLAC ahead by 124.0 points (+107.9% versus -16.1%). Note the risk asymmetry: KLAC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VXZ: side by side
| KLAC (KLA Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +107.9% | -16.1% |
| 5-year return | +463.9% | -53.1% |
| Volatility (ann.) | 45.6% | 25.6% |
| Beta vs S&P 500 | 1.84 | -1.31 |
| Max drawdown (3Y) | -43.6% | -36.4% |
| Market cap | $240.1B | – |
| P/E (trailing) | 50.2 | – |
| Dividend yield | 0.44% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KLAC | VXZ |
|---|---|---|
| 2022 | -11.2% | +0.5% |
| 2023 | +56.0% | -44.0% |
| 2024 | +9.4% | -12.7% |
| 2025 | +94.5% | +5.7% |
| 2026 | +51.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLAC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between KLAC and VXZ?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.36 over the last year and -0.45 over 5 years.
Is VXZ a good diversifier for KLAC?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
On the −1 to +1 scale, -0.44 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/klac-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/klac-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KLAC correlations · VXZ correlations
