KRNT vs VXZ: Correlation
Measured on weekly returns over the past three years, Kornit Digital Ltd. (KRNT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.50, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNT and VXZ?
On 3 years of weekly data the KRNT/VXZ correlation comes out at -0.50, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.30 versus -0.50 over 3 years. The 5-year figure is -0.45, and annualized covariance runs at -675.4 %².
Among the 12 assets we track against KRNT, VXZ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with KRNT ahead by 28.2 points (+12.1% versus -16.1%). Note the risk asymmetry: KRNT runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VXZ: side by side
| KRNT (Kornit Digital Ltd.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +12.1% | -16.1% |
| 5-year return | -87.2% | -53.1% |
| Volatility (ann.) | 53.2% | 25.6% |
| Beta vs S&P 500 | 2.06 | -1.31 |
| Max drawdown (3Y) | -62.6% | -36.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRNT | VXZ |
|---|---|---|
| 2022 | -84.9% | +0.5% |
| 2023 | -16.6% | -44.0% |
| 2024 | +61.5% | -12.7% |
| 2025 | -53.5% | +5.7% |
| 2026 | +17.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
FAQ
What is the correlation between KRNT and VXZ?
As of 2026-08-27, the correlation of weekly returns between KRNT and VXZ is -0.50 over 3 years, -0.30 over 1 year and -0.45 over 5 years.
Is VXZ a good diversifier for KRNT?
By historical standards, yes. A correlation of -0.50 means the two rarely move for the same reasons.
What does a correlation of -0.50 mean?
A reading of -0.50 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/krnt-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krnt-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRNT correlations · VXZ correlations
