CCB vs MKTX: Correlation
How closely do Coastal Financial Corporation (CCB) and MarketAxess Holdings, Inc. (MKTX) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and MKTX?
Over the past 3 years, CCB and MKTX moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.58 versus -0.31 over 3 years. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -540.2 %².
Within CCB's tracked universe of 19 assets, MKTX comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MKTX outperformed by 47.3 percentage points (-59.0% for CCB against -11.7% for MKTX).
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.
CCB vs MKTX: side by side
| CCB (Coastal Financial Corporation) | MKTX (MarketAxess Holdings, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | -11.7% |
| 5-year return | +59.4% | -63.7% |
| Volatility (ann.) | 45.4% | 37.8% |
| Beta vs S&P 500 | 0.96 | 0.21 |
| Max drawdown (3Y) | -66.5% | -61.8% |
| Market cap | $0.7B | $5.7B |
| P/E (trailing) | – | 19.2 |
| Dividend yield | 0.00% | 1.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | MKTX |
|---|---|---|
| 2022 | -6.1% | -31.5% |
| 2023 | -6.5% | +6.1% |
| 2024 | +91.2% | -21.8% |
| 2025 | +35.0% | -18.5% |
| 2026 | -59.2% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and MKTX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCB and MKTX?
The CCB/MKTX correlation stands at -0.31 on a 3-year window (1 year: -0.58, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is MKTX a good diversifier for CCB?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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/ccb-vs-mktx.json
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[](https://www.pairbook.io/pair/ccb-vs-mktx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCB correlations · MKTX correlations
