KRT vs VXX: Correlation
How closely do Karat Packaging Inc. (KRT) 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 -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRT and VXX?
Over the past 3 years, KRT and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.38 over 3 years. Over 5 years the correlation is -0.31, and the annualized covariance of weekly returns is -945.2 %².
VXX is close to the least connected end of KRT's tracked universe, ranking #11 of 12. Correlation aside, the last 12 months split them widely, with KRT ahead by 159.6 points (+109.9% versus -49.7%). One caveat on sizing: VXX is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KRT vs VXX: side by side
| KRT (Karat Packaging Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +109.9% | -49.7% |
| 5-year return | +172.9% | -95.6% |
| Volatility (ann.) | 40.5% | 60.9% |
| Beta vs S&P 500 | 1.09 | -3.31 |
| Max drawdown (3Y) | -34.0% | -83.3% |
| Market cap | $1.0B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRT | VXX |
|---|---|---|
| 2022 | -27.1% | -23.8% |
| 2023 | +82.2% | -72.5% |
| 2024 | +28.8% | -26.2% |
| 2025 | -20.1% | -42.2% |
| 2026 | +130.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRT and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KRT and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.27 over the last year and -0.31 over 5 years.
Is VXX a good diversifier for KRT?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
A reading of -0.38 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/krt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRT correlations · VXX correlations
