KNTK vs VXZ: Correlation
How closely do Kinetik Holdings Inc. (KNTK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNTK and VXZ?
On 3 years of weekly data the KNTK/VXZ correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.34 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -291.0 %².
Out of 14 assets tracked against KNTK, VXZ lands near the bottom at #14. The last year tells two different stories: KNTK led by 55.7 percentage points, +39.6% for KNTK against -16.1% for VXZ.
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 VXZ: side by side
| KNTK (Kinetik Holdings Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +39.6% | -16.1% |
| 5-year return | +147.1% | -53.1% |
| Volatility (ann.) | 33.1% | 25.6% |
| Beta vs S&P 500 | 0.63 | -1.31 |
| Max drawdown (3Y) | -49.0% | -36.4% |
| Market cap | $9.2B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 5.83% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNTK | VXZ |
|---|---|---|
| 2022 | +14.6% | +0.5% |
| 2023 | +10.9% | -44.0% |
| 2024 | +83.1% | -12.7% |
| 2025 | -31.9% | +5.7% |
| 2026 | +59.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNTK and VXZ good diversifiers for each other?
Yes. With a correlation of -0.34, KNTK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KNTK and VXZ?
As of 2026-08-27, the correlation of weekly returns between KNTK and VXZ is -0.34 over 3 years, -0.12 over 1 year and -0.25 over 5 years.
Is VXZ a good diversifier for KNTK?
Yes. With a correlation of -0.34, KNTK and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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/kntk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kntk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KNTK correlations · VXZ correlations
