KLIC vs VXZ: Correlation
Measured on weekly returns over the past three years, Kulicke and Soffa Industries, Inc. (KLIC) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.41, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLIC and VXZ?
Across a 3-year window, the weekly returns of KLIC and VXZ correlate at -0.41, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.26 versus -0.41 over 3 years. Stretching to 5 years gives -0.44, with an annualized covariance of -458.4 %².
Out of 20 assets tracked against KLIC, VXZ lands near the bottom at #19. Correlation aside, the last 12 months split them widely, with KLIC ahead by 144.4 points (+128.3% versus -16.1%). Note the risk asymmetry: KLIC runs 1.7 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.
KLIC vs VXZ: side by side
| KLIC (Kulicke and Soffa Industries, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +128.3% | -16.1% |
| 5-year return | +30.7% | -53.1% |
| Volatility (ann.) | 43.9% | 25.6% |
| Beta vs S&P 500 | 1.49 | -1.31 |
| Max drawdown (3Y) | -49.3% | -36.4% |
| Market cap | $4.4B | – |
| P/E (trailing) | 38.8 | – |
| Dividend yield | 0.97% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KLIC | VXZ |
|---|---|---|
| 2022 | -25.8% | +0.5% |
| 2023 | +25.5% | -44.0% |
| 2024 | -13.2% | -12.7% |
| 2025 | -0.3% | +5.7% |
| 2026 | +86.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLIC and VXZ good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KLIC and VXZ?
As of 2026-08-27, the correlation of weekly returns between KLIC and VXZ is -0.41 over 3 years, -0.26 over 1 year and -0.44 over 5 years.
Is VXZ a good diversifier for KLIC?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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/klic-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/klic-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KLIC correlations · VXZ correlations
