KPLT vs VXZ: Correlation
Measured on weekly returns over the past three years, Katapult Holdings, Inc. (KPLT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KPLT and VXZ?
Across a 3-year window, the weekly returns of KPLT and VXZ correlate at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.28). Stretching to 5 years gives -0.37, with an annualized covariance of -623.4 %².
Out of 11 assets tracked against KPLT, VXZ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months VXZ outperformed by 42.9 percentage points (-59.0% for KPLT against -16.1% for VXZ). Risk is not evenly split, since KPLT carries 3.4 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.
KPLT vs VXZ: side by side
| KPLT (Katapult Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -59.0% | -16.1% |
| 5-year return | -95.6% | -53.1% |
| Volatility (ann.) | 87.1% | 25.6% |
| Beta vs S&P 500 | 1.08 | -1.31 |
| Max drawdown (3Y) | -75.6% | -36.4% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KPLT | VXZ |
|---|---|---|
| 2022 | -71.6% | +0.5% |
| 2023 | -54.5% | -44.0% |
| 2024 | -37.9% | -12.7% |
| 2025 | -4.5% | +5.7% |
| 2026 | -12.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KPLT and VXZ good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KPLT and VXZ?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.12 over the last year and -0.37 over 5 years.
Is VXZ a good diversifier for KPLT?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/kplt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kplt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KPLT correlations · VXZ correlations
