KTOS vs VXX: Correlation
How closely do Kratos Defense & Security Solutions, Inc. (KTOS) 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 -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTOS and VXX?
On 3 years of weekly data the KTOS/VXX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -989.4 %².
Out of 21 assets tracked against KTOS, VXX lands near the bottom at #20. Correlation aside, the last 12 months split them widely, with KTOS ahead by 28.7 points (-21.0% 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.
KTOS vs VXX: side by side
| KTOS (Kratos Defense & Security Solutions, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.0% | -49.7% |
| 5-year return | +117.5% | -95.6% |
| Volatility (ann.) | 59.9% | 60.9% |
| Beta vs S&P 500 | 1.62 | -3.31 |
| Max drawdown (3Y) | -66.4% | -83.3% |
| Market cap | $10.1B | – |
| P/E (trailing) | 315.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTOS | VXX |
|---|---|---|
| 2022 | -46.8% | -23.8% |
| 2023 | +96.6% | -72.5% |
| 2024 | +30.0% | -26.2% |
| 2025 | +187.8% | -42.2% |
| 2026 | -29.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTOS and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between KTOS and VXX?
The KTOS/VXX correlation stands at -0.27 on a 3-year window (1 year: -0.28, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for KTOS?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/ktos-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ktos-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KTOS correlations · VXX correlations
