MAR vs VXZ: Correlation
Marriott International (MAR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAR and VXZ?
Across a 3-year window, the weekly returns of MAR and VXZ correlate at -0.51, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.29) than the 3-year average (-0.51). Stretching to 5 years gives -0.49, with an annualized covariance of -321.8 %².
VXZ is close to the least connected end of MAR's tracked universe, ranking #39 of 40. Correlation aside, the last 12 months split them widely, with MAR ahead by 48.4 points (+32.3% versus -16.1%).
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 VXZ: side by side
| MAR (Marriott International) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.3% | -16.1% |
| 5-year return | +173.2% | -53.1% |
| Volatility (ann.) | 24.6% | 25.6% |
| Beta vs S&P 500 | 0.97 | -1.31 |
| Max drawdown (3Y) | -30.5% | -36.4% |
| Market cap | $92.3B | – |
| P/E (trailing) | 36.7 | – |
| Dividend yield | 0.76% | – |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | MAR | VXZ |
|---|---|---|
| 2022 | -9.3% | +0.5% |
| 2023 | +53.1% | -44.0% |
| 2024 | +24.9% | -12.7% |
| 2025 | +12.3% | +5.7% |
| 2026 | +14.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.51, MAR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAR and VXZ?
As of 2026-08-27, the correlation of weekly returns between MAR and VXZ is -0.51 over 3 years, -0.29 over 1 year and -0.49 over 5 years.
Is VXZ a good diversifier for MAR?
Yes. With a correlation of -0.51, MAR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 mean?
A reading of -0.51 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/mar-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mar-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAR correlations · VXZ correlations
