KNF vs VXX: Correlation
Knife Riv Holding Co. (KNF) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNF and VXX?
On 3 years of weekly data the KNF/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.36 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -873.4 %².
Among the 11 assets we track against KNF, VXX sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with KNF ahead by 30.1 points (-19.6% versus -49.7%). Risk is not evenly split, since VXX carries 1.5 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.
KNF vs VXX: side by side
| KNF (Knife Riv Holding Co.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.6% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 40.3% | 60.9% |
| Beta vs S&P 500 | 1.06 | -3.31 |
| Max drawdown (3Y) | -44.2% | -83.3% |
| Market cap | $3.8B | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNF | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | – | -72.5% |
| 2024 | +53.6% | -26.2% |
| 2025 | -30.8% | -42.2% |
| 2026 | -5.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNF and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KNF and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.19 over the last year and n/a over 5 years.
Is VXX a good diversifier for KNF?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 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/knf-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/knf-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KNF correlations · VXX correlations
