KRG vs VXX: Correlation
Measured on weekly returns over the past three years, Kite Realty Group Trust (KRG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and VXX?
On 3 years of weekly data the KRG/VXX correlation comes out at -0.42, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.42). The 5-year figure is -0.41, and annualized covariance runs at -558.1 %².
Among the 21 assets we track against KRG, VXX sits near the bottom by co-movement, at rank #20. The last year tells two different stories: KRG led by 70.4 percentage points, +20.7% for KRG against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.8 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.
KRG vs VXX: side by side
| KRG (Kite Realty Group Trust) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.7% | -49.7% |
| 5-year return | +61.5% | -95.6% |
| Volatility (ann.) | 21.6% | 60.9% |
| Beta vs S&P 500 | 0.58 | -3.31 |
| Max drawdown (3Y) | -29.1% | -83.3% |
| Market cap | $5.3B | – |
| P/E (trailing) | 16.5 | – |
| Dividend yield | 4.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRG | VXX |
|---|---|---|
| 2022 | +0.8% | -23.8% |
| 2023 | +13.6% | -72.5% |
| 2024 | +15.5% | -26.2% |
| 2025 | -0.2% | -42.2% |
| 2026 | +12.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, KRG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KRG and VXX?
As of 2026-08-27, the correlation of weekly returns between KRG and VXX is -0.42 over 3 years, -0.15 over 1 year and -0.41 over 5 years.
Is VXX a good diversifier for KRG?
Yes. With a correlation of -0.42, KRG and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 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/krg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRG correlations · VXX correlations
