KYNB vs VXX: Correlation
Measured on weekly returns over the past three years, Kyntra Bio, Inc. (KYNB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYNB and VXX?
Across a 3-year window, the weekly returns of KYNB and VXX correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.25). Stretching to 5 years gives -0.18, with an annualized covariance of -1867.8 %².
Among the 10 assets we track against KYNB, VXX sits near the bottom by co-movement, at rank #10. The last year tells two different stories: KYNB led by 26.0 percentage points, -23.7% for KYNB against -49.7% for VXX. One caveat on sizing: KYNB is 2.0 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.
KYNB vs VXX: side by side
| KYNB (Kyntra Bio, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.7% | -49.7% |
| 5-year return | -97.2% | -95.6% |
| Volatility (ann.) | 123.9% | 60.9% |
| Beta vs S&P 500 | 1.81 | -3.31 |
| Max drawdown (3Y) | -92.4% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYNB | VXX |
|---|---|---|
| 2022 | +13.6% | -23.8% |
| 2023 | -94.5% | -72.5% |
| 2024 | -40.2% | -26.2% |
| 2025 | -33.7% | -42.2% |
| 2026 | -8.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYNB and VXX good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KYNB and VXX?
The KYNB/VXX correlation stands at -0.25 on a 3-year window (1 year: -0.38, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for KYNB?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/kynb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kynb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KYNB correlations · VXX correlations
