MBI vs QXO: Correlation
MBIA Inc. (MBI) and QXO, Inc. (QXO) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBI and QXO?
Across a 3-year window, the weekly returns of MBI and QXO correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.41, with an annualized covariance of 4121.3 %².
By 3-year correlation, QXO places #5 of the 13 assets tracked against MBI. On 12-month performance QXO holds a 7.3-point edge, -41.0% against -33.7%. One caveat on sizing: QXO is 1.9 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.
MBI vs QXO: side by side
| MBI (MBIA Inc.) | QXO (QXO, Inc.) | |
|---|---|---|
| 1-year return | -41.0% | -33.7% |
| 5-year return | -0.5% | -70.0% |
| Volatility (ann.) | 68.8% | 132.0% |
| Beta vs S&P 500 | 0.81 | 1.05 |
| Max drawdown (3Y) | -51.9% | -95.4% |
| Market cap | $0.2B | $14.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBI | QXO |
|---|---|---|
| 2022 | -18.6% | -33.8% |
| 2023 | +9.2% | +508.5% |
| 2024 | +5.6% | -86.1% |
| 2025 | +10.8% | +21.3% |
| 2026 | -33.0% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBI and QXO good diversifiers for each other?
Reasonably. At 0.45, MBI and QXO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MBI and QXO?
As of 2026-08-27, the correlation of weekly returns between MBI and QXO is 0.45 over 3 years, 0.03 over 1 year and 0.41 over 5 years.
Is QXO a good diversifier for MBI?
Reasonably. At 0.45, MBI and QXO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/mbi-vs-qxo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mbi-vs-qxo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBI correlations · QXO correlations
