MAT vs VXX: Correlation
Measured on weekly returns over the past three years, Mattel, Inc. (MAT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAT and VXX?
Over the past 3 years, MAT and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -675.0 %².
VXX is close to the least connected end of MAT's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months MAT outperformed by 30.2 percentage points (-19.5% for MAT against -49.7% for VXX). One caveat on sizing: VXX is 1.8 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.
MAT vs VXX: side by side
| MAT (Mattel, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.5% | -49.7% |
| 5-year return | -31.2% | -95.6% |
| Volatility (ann.) | 34.0% | 60.9% |
| Beta vs S&P 500 | 0.87 | -3.31 |
| Max drawdown (3Y) | -41.5% | -83.3% |
| Market cap | $4.3B | – |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAT | VXX |
|---|---|---|
| 2022 | -17.3% | -23.8% |
| 2023 | +5.8% | -72.5% |
| 2024 | -6.1% | -26.2% |
| 2025 | +11.9% | -42.2% |
| 2026 | -24.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAT and VXX good diversifiers for each other?
Yes. With a correlation of -0.33, MAT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAT and VXX?
As of 2026-08-27, the correlation of weekly returns between MAT and VXX is -0.33 over 3 years, -0.32 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for MAT?
Yes. With a correlation of -0.33, MAT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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/mat-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mat-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAT correlations · VXX correlations
