KNTK vs VXX: Correlation
Kinetik Holdings Inc. (KNTK) 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 -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNTK and VXX?
On 3 years of weekly data the KNTK/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.32). The 5-year figure is -0.19, and annualized covariance runs at -647.7 %².
Out of 14 assets tracked against KNTK, VXX lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months KNTK outperformed by 89.3 percentage points (+39.6% for KNTK against -49.7% for VXX). One caveat on sizing: VXX is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KNTK vs VXX: side by side
| KNTK (Kinetik Holdings Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.6% | -49.7% |
| 5-year return | +147.1% | -95.6% |
| Volatility (ann.) | 33.1% | 60.9% |
| Beta vs S&P 500 | 0.63 | -3.31 |
| Max drawdown (3Y) | -49.0% | -83.3% |
| Market cap | $9.2B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 5.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNTK | VXX |
|---|---|---|
| 2022 | +14.6% | -23.8% |
| 2023 | +10.9% | -72.5% |
| 2024 | +83.1% | -26.2% |
| 2025 | -31.9% | -42.2% |
| 2026 | +59.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNTK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between KNTK and VXX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.11 over the last year and -0.19 over 5 years.
Is VXX a good diversifier for KNTK?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/kntk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kntk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KNTK correlations · VXX correlations
