KVYO vs VXZ: Correlation
Klaviyo, Inc. Series A (KVYO) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVYO and VXZ?
On 3 years of weekly data the KVYO/VXZ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.27). The 5-year figure is n/a, and annualized covariance runs at -422.5 %².
VXZ is close to the least connected end of KVYO's tracked universe, ranking #12 of 13. The last year tells two different stories: VXZ led by 22.8 percentage points, -38.9% for KVYO against -16.1% for VXZ. Risk is not evenly split, since KVYO carries 2.4 times the volatility of the other side.
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.
KVYO vs VXZ: side by side
| KVYO (Klaviyo, Inc. Series A) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -38.9% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 60.2% | 25.6% |
| Beta vs S&P 500 | 1.09 | -1.31 |
| Max drawdown (3Y) | -73.9% | -36.4% |
| Market cap | $5.9B | – |
| P/E (trailing) | 653.7 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KVYO | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | +48.5% | -12.7% |
| 2025 | -21.3% | +5.7% |
| 2026 | -39.6% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVYO and VXZ good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KVYO and VXZ?
The KVYO/VXZ correlation stands at -0.27 on a 3-year window (1 year: -0.13, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for KVYO?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
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/kvyo-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kvyo-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KVYO correlations · VXZ correlations
