KMDA vs VXX: Correlation
Kamada Ltd. (KMDA) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMDA and VXX?
Across a 3-year window, the weekly returns of KMDA and VXX correlate at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.13 versus -0.33 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -732.8 %².
Among the 13 assets we track against KMDA, VXX sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months KMDA outperformed by 69.1 percentage points (+19.4% for KMDA against -49.7% for VXX). Note the risk asymmetry: VXX 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.
KMDA vs VXX: side by side
| KMDA (Kamada Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +19.4% | -49.7% |
| 5-year return | +62.4% | -95.6% |
| Volatility (ann.) | 36.7% | 60.9% |
| Beta vs S&P 500 | 0.75 | -3.31 |
| Max drawdown (3Y) | -28.9% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | 22.3 | – |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMDA | VXX |
|---|---|---|
| 2022 | -39.1% | -23.8% |
| 2023 | +52.6% | -72.5% |
| 2024 | -0.5% | -26.2% |
| 2025 | +19.2% | -42.2% |
| 2026 | +20.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMDA and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KMDA and VXX?
As of 2026-08-27, the correlation of weekly returns between KMDA and VXX is -0.33 over 3 years, -0.13 over 1 year and -0.24 over 5 years.
Is VXX a good diversifier for KMDA?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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/kmda-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmda-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KMDA correlations · VXX correlations
