KTOS vs VXZ: Correlation
How closely do Kratos Defense & Security Solutions, Inc. (KTOS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTOS and VXZ?
On 3 years of weekly data the KTOS/VXZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.24, and annualized covariance runs at -353.2 %².
Out of 21 assets tracked against KTOS, VXZ lands near the bottom at #19. Their 12-month results are close: -21.0% for KTOS against -16.1% for VXZ. One caveat on sizing: KTOS is 2.3 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.
KTOS vs VXZ: side by side
| KTOS (Kratos Defense & Security Solutions, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -21.0% | -16.1% |
| 5-year return | +117.5% | -53.1% |
| Volatility (ann.) | 59.9% | 25.6% |
| Beta vs S&P 500 | 1.62 | -1.31 |
| Max drawdown (3Y) | -66.4% | -36.4% |
| Market cap | $10.1B | – |
| P/E (trailing) | 315.8 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTOS | VXZ |
|---|---|---|
| 2022 | -46.8% | +0.5% |
| 2023 | +96.6% | -44.0% |
| 2024 | +30.0% | -12.7% |
| 2025 | +187.8% | +5.7% |
| 2026 | -29.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTOS and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between KTOS and VXZ?
As of 2026-08-27, the correlation of weekly returns between KTOS and VXZ is -0.23 over 3 years, -0.29 over 1 year and -0.24 over 5 years.
Is VXZ a good diversifier for KTOS?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ktos-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KTOS correlations · VXZ correlations
