KYNB vs VXZ: Correlation
How closely do Kyntra Bio, Inc. (KYNB) 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 -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYNB and VXZ?
Across a 3-year window, the weekly returns of KYNB and VXZ correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.20). Stretching to 5 years gives -0.15, with an annualized covariance of -633.8 %².
VXZ is close to the least connected end of KYNB's tracked universe, ranking #8 of 10. On 12-month performance VXZ holds a 7.6-point edge, -23.7% against -16.1%. One caveat on sizing: KYNB is 4.8 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 VXZ: side by side
| KYNB (Kyntra Bio, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -23.7% | -16.1% |
| 5-year return | -97.2% | -53.1% |
| Volatility (ann.) | 123.9% | 25.6% |
| Beta vs S&P 500 | 1.81 | -1.31 |
| Max drawdown (3Y) | -92.4% | -36.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYNB | VXZ |
|---|---|---|
| 2022 | +13.6% | +0.5% |
| 2023 | -94.5% | -44.0% |
| 2024 | -40.2% | -12.7% |
| 2025 | -33.7% | +5.7% |
| 2026 | -8.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYNB and VXZ good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KYNB and VXZ?
As of 2026-08-27, the correlation of weekly returns between KYNB and VXZ is -0.20 over 3 years, -0.49 over 1 year and -0.15 over 5 years.
Is VXZ a good diversifier for KYNB?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/kynb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kynb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KYNB correlations · VXZ correlations
