KLTR vs VXZ: Correlation
Kaltura, Inc. (KLTR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KLTR and VXZ?
Across a 3-year window, the weekly returns of KLTR and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.30 over 3 years. Stretching to 5 years gives -0.26, with an annualized covariance of -542.5 %².
Out of 11 assets tracked against KLTR, VXZ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months KLTR outperformed by 16.7 percentage points (+0.6% for KLTR against -16.1% for VXZ). Risk is not evenly split, since KLTR carries 2.7 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.
KLTR vs VXZ: side by side
| KLTR (Kaltura, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +0.6% | -16.1% |
| 5-year return | -86.7% | -53.1% |
| Volatility (ann.) | 69.9% | 25.6% |
| Beta vs S&P 500 | 1.87 | -1.31 |
| Max drawdown (3Y) | -61.2% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KLTR | VXZ |
|---|---|---|
| 2022 | -49.0% | +0.5% |
| 2023 | +13.4% | -44.0% |
| 2024 | +12.8% | -12.7% |
| 2025 | -25.5% | +5.7% |
| 2026 | -2.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KLTR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between KLTR and VXZ?
The KLTR/VXZ correlation stands at -0.30 on a 3-year window (1 year: 0.01, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for KLTR?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 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/kltr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kltr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KLTR correlations · VXZ correlations
