KSS vs VXZ: Correlation
Measured on weekly returns over the past three years, Kohl's Corporation (KSS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KSS and VXZ?
On 3 years of weekly data the KSS/VXZ correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.30). The 5-year figure is -0.32, and annualized covariance runs at -551.3 %².
VXZ is close to the least connected end of KSS's tracked universe, ranking #13 of 14. The last year tells two different stories: KSS led by 31.8 percentage points, +15.7% for KSS against -16.1% for VXZ. Note the risk asymmetry: KSS runs 2.8 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.
KSS vs VXZ: side by side
| KSS (Kohl's Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +15.7% | -16.1% |
| 5-year return | -57.2% | -53.1% |
| Volatility (ann.) | 71.1% | 25.6% |
| Beta vs S&P 500 | 1.76 | -1.31 |
| Max drawdown (3Y) | -77.0% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 2.79% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KSS | VXZ |
|---|---|---|
| 2022 | -46.0% | +0.5% |
| 2023 | +23.8% | -44.0% |
| 2024 | -45.8% | -12.7% |
| 2025 | +51.5% | +5.7% |
| 2026 | -9.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KSS and VXZ good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KSS and VXZ?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.48 over the last year and -0.32 over 5 years.
Is VXZ a good diversifier for KSS?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/kss-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kss-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KSS correlations · VXZ correlations
