KRG vs VXZ: Correlation
Kite Realty Group Trust (KRG) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRG and VXZ?
On 3 years of weekly data the KRG/VXZ correlation comes out at -0.48, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.23 versus -0.48 over 3 years. The 5-year figure is -0.51, and annualized covariance runs at -267.4 %².
VXZ is close to the least connected end of KRG's tracked universe, ranking #21 of 21. Their recent paths diverged sharply: over the last 12 months KRG outperformed by 36.8 percentage points (+20.7% for KRG 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.
KRG vs VXZ: side by side
| KRG (Kite Realty Group Trust) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.7% | -16.1% |
| 5-year return | +61.5% | -53.1% |
| Volatility (ann.) | 21.6% | 25.6% |
| Beta vs S&P 500 | 0.58 | -1.31 |
| Max drawdown (3Y) | -29.1% | -36.4% |
| Market cap | $5.3B | – |
| P/E (trailing) | 16.5 | – |
| Dividend yield | 4.34% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRG | VXZ |
|---|---|---|
| 2022 | +0.8% | +0.5% |
| 2023 | +13.6% | -44.0% |
| 2024 | +15.5% | -12.7% |
| 2025 | -0.2% | +5.7% |
| 2026 | +12.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRG and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.48 means the two rarely move for the same reasons.
FAQ
What is the correlation between KRG and VXZ?
Using weekly returns as of 2026-08-27: -0.48 over 3 years, with -0.23 over the last year and -0.51 over 5 years.
Is VXZ a good diversifier for KRG?
By historical standards, yes. A correlation of -0.48 means the two rarely move for the same reasons.
What does a correlation of -0.48 mean?
A reading of -0.48 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/krg-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krg-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRG correlations · VXZ correlations
