MBLY vs VXX: Correlation
Measured on weekly returns over the past three years, Mobileye Global Inc. (MBLY) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBLY and VXX?
On 3 years of weekly data the MBLY/VXX correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.36 over 3. The 5-year figure is -0.33, and annualized covariance runs at -1424.9 %².
Out of 12 assets tracked against MBLY, VXX lands near the bottom at #11. Over the last 12 months MBLY came out ahead by 11.2 percentage points (-38.5% against -49.7%).
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.
MBLY vs VXX: side by side
| MBLY (Mobileye Global Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -38.5% | -49.7% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 64.4% | 60.9% |
| Beta vs S&P 500 | 1.71 | -3.31 |
| Max drawdown (3Y) | -85.1% | -83.3% |
| Market cap | $7.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBLY | VXX |
|---|---|---|
| 2022 | – | -23.8% |
| 2023 | +23.6% | -72.5% |
| 2024 | -54.0% | -26.2% |
| 2025 | -47.6% | -42.2% |
| 2026 | -17.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBLY and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MBLY and VXX?
The MBLY/VXX correlation stands at -0.36 on a 3-year window (1 year: -0.30, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for MBLY?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 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/mbly-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbly-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MBLY correlations · VXX correlations
