DIA vs MXC: Correlation
SPDR Dow Jones Industrial Average ETF (DIA) and Mexco Energy Corporation (MXC) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and MXC?
On 3 years of weekly data the DIA/MXC correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.15 over 3. The 5-year figure is 0.01, and annualized covariance runs at -125.1 %².
Within DIA's tracked universe of 116 assets, MXC comes in at #107 by 3-year correlation. Neither side won the trailing year by much: +19.2% against +21.6%. Risk is not evenly split, since MXC carries 4.8 times the volatility of the other side.
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.
DIA vs MXC: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | +19.2% | +21.6% |
| 5-year return | +64.8% | +7.2% |
| Volatility (ann.) | 13.0% | 62.1% |
| Beta vs S&P 500 | 0.79 | -0.31 |
| Max drawdown (3Y) | -16.0% | -60.6% |
| Market cap | – | – |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 1.37% | 1.02% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, DIA sits in the Large Value category at State Street Investment Management, with $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | MXC |
|---|---|---|
| 2022 | -7.0% | +33.0% |
| 2023 | +16.0% | -26.2% |
| 2024 | +14.8% | +24.6% |
| 2025 | +14.7% | -10.8% |
| 2026 | +12.3% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and MXC good diversifiers for each other?
Yes. With a correlation of -0.15, DIA and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DIA and MXC?
As of 2026-08-27, the correlation of weekly returns between DIA and MXC is -0.15 over 3 years, -0.15 over 1 year and 0.01 over 5 years.
Is MXC a good diversifier for DIA?
Yes. With a correlation of -0.15, DIA and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/dia-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dia-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIA correlations · MXC correlations
