KYN vs VXZ: Correlation
Measured on weekly returns over the past three years, Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYN and VXZ?
Over the past 3 years, KYN and VXZ moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.38). Over 5 years the correlation is -0.40, and the annualized covariance of weekly returns is -213.3 %².
Out of 25 assets tracked against KYN, VXZ lands near the bottom at #25. Correlation aside, the last 12 months split them widely, with KYN ahead by 45.2 points (+29.1% versus -16.1%).
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 VXZ: side by side
| KYN (Kayne Anderson Energy Infrastructure Fund, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +29.1% | -16.1% |
| 5-year return | +190.9% | -53.1% |
| Volatility (ann.) | 22.0% | 25.6% |
| Beta vs S&P 500 | 0.44 | -1.31 |
| Max drawdown (3Y) | -21.6% | -36.4% |
| Market cap | $2.5B | – |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 6.64% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYN | VXZ |
|---|---|---|
| 2022 | +20.5% | +0.5% |
| 2023 | +13.2% | -44.0% |
| 2024 | +60.4% | -12.7% |
| 2025 | +5.3% | +5.7% |
| 2026 | +25.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYN and VXZ 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 VXZ?
The KYN/VXZ correlation stands at -0.38 on a 3-year window (1 year: 0.04, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is VXZ 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?
On the −1 to +1 scale, -0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kyn-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kyn-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KYN correlations · VXZ correlations
