KRO vs VXX: Correlation
How closely do Kronos Worldwide Inc (KRO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRO and VXX?
On 3 years of weekly data the KRO/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.33). The 5-year figure is -0.33, and annualized covariance runs at -1090.5 %².
Among the 17 assets we track against KRO, VXX sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with KRO ahead by 95.3 points (+45.6% versus -49.7%).
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.
KRO vs VXX: side by side
| KRO (Kronos Worldwide Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +45.6% | -49.7% |
| 5-year return | -15.4% | -95.6% |
| Volatility (ann.) | 55.0% | 60.9% |
| Beta vs S&P 500 | 1.47 | -3.31 |
| Max drawdown (3Y) | -68.7% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRO | VXX |
|---|---|---|
| 2022 | -33.7% | -23.8% |
| 2023 | +14.9% | -72.5% |
| 2024 | +2.5% | -26.2% |
| 2025 | -53.1% | -42.2% |
| 2026 | +101.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRO and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KRO and VXX?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.13 over the last year and -0.33 over 5 years.
Is VXX a good diversifier for KRO?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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/kro-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kro-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRO correlations · VXX correlations
