KYN vs VXX: Correlation
How closely do Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) 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 KYN and VXX?
On 3 years of weekly data the KYN/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.38). The 5-year figure is -0.37, and annualized covariance runs at -510.5 %².
Out of 25 assets tracked against KYN, VXX lands near the bottom at #24. The last year tells two different stories: KYN led by 78.8 percentage points, +29.1% for KYN against -49.7% for VXX. Note the risk asymmetry: VXX 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.
KYN vs VXX: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.1% | -49.7% |
| 5-year return | +190.9% | -95.6% |
| Volatility (ann.) | 22.0% | 60.9% |
| Beta vs S&P 500 | 0.44 | -3.31 |
| Max drawdown (3Y) | -21.6% | -83.3% |
| Market cap | $2.5B | – |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 6.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYN | VXX |
|---|---|---|
| 2022 | +20.5% | -23.8% |
| 2023 | +13.2% | -72.5% |
| 2024 | +60.4% | -26.2% |
| 2025 | +5.3% | -42.2% |
| 2026 | +25.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN 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 KYN and VXX?
As of 2026-08-27, the correlation of weekly returns between KYN and VXX is -0.38 over 3 years, 0.00 over 1 year and -0.37 over 5 years.
Is VXX a good diversifier for KYN?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kyn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kyn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KYN correlations · VXX correlations
