KRNT vs VXX: Correlation
Measured on weekly returns over the past three years, Kornit Digital Ltd. (KRNT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNT and VXX?
On 3 years of weekly data the KRNT/VXX correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.31 versus -0.49 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -1572.3 %².
Among the 12 assets we track against KRNT, VXX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months KRNT outperformed by 61.8 percentage points (+12.1% for KRNT against -49.7% for VXX).
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.
KRNT vs VXX: side by side
| KRNT (Kornit Digital Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.1% | -49.7% |
| 5-year return | -87.2% | -95.6% |
| Volatility (ann.) | 53.2% | 60.9% |
| Beta vs S&P 500 | 2.06 | -3.31 |
| Max drawdown (3Y) | -62.6% | -83.3% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRNT | VXX |
|---|---|---|
| 2022 | -84.9% | -23.8% |
| 2023 | -16.6% | -72.5% |
| 2024 | +61.5% | -26.2% |
| 2025 | -53.5% | -42.2% |
| 2026 | +17.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNT and VXX good diversifiers for each other?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KRNT and VXX?
The KRNT/VXX correlation stands at -0.49 on a 3-year window (1 year: -0.31, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for KRNT?
Yes: at -0.49, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/krnt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krnt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRNT correlations · VXX correlations
