MAR vs VXX: Correlation
Marriott International (MAR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAR and VXX?
Over the past 3 years, MAR and VXX moved with a correlation of -0.53, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.29) runs above the 3-year figure (-0.53). Over 5 years the correlation is -0.46, and the annualized covariance of weekly returns is -790.8 %².
Among the 40 assets we track against MAR, VXX sits near the bottom by co-movement, at rank #40. Their recent paths diverged sharply: over the last 12 months MAR outperformed by 82.0 percentage points (+32.3% for MAR against -49.7% for VXX). One caveat on sizing: VXX is 2.5 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.
MAR vs VXX: side by side
| MAR (Marriott International) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.3% | -49.7% |
| 5-year return | +173.2% | -95.6% |
| Volatility (ann.) | 24.6% | 60.9% |
| Beta vs S&P 500 | 0.97 | -3.31 |
| Max drawdown (3Y) | -30.5% | -83.3% |
| Market cap | $92.3B | – |
| P/E (trailing) | 36.7 | – |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | MAR | VXX |
|---|---|---|
| 2022 | -9.3% | -23.8% |
| 2023 | +53.1% | -72.5% |
| 2024 | +24.9% | -26.2% |
| 2025 | +12.3% | -42.2% |
| 2026 | +14.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAR and VXX good diversifiers for each other?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MAR and VXX?
Using weekly returns as of 2026-08-27: -0.53 over 3 years, with -0.29 over the last year and -0.46 over 5 years.
Is VXX a good diversifier for MAR?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.53 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/mar-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mar-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAR correlations · VXX correlations
