MBLY vs VXZ: Correlation
Measured on weekly returns over the past three years, Mobileye Global Inc. (MBLY) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBLY and VXZ?
Over the past 3 years, MBLY and VXZ moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -514.9 %².
Among the 12 assets we track against MBLY, VXZ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with VXZ ahead by 22.4 points (-38.5% versus -16.1%). Risk is not evenly split, since MBLY carries 2.5 times the volatility of the other side.
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 VXZ: side by side
| MBLY (Mobileye Global Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -38.5% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 64.4% | 25.6% |
| Beta vs S&P 500 | 1.71 | -1.31 |
| Max drawdown (3Y) | -85.1% | -36.4% |
| Market cap | $7.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBLY | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | +23.6% | -44.0% |
| 2024 | -54.0% | -12.7% |
| 2025 | -47.6% | +5.7% |
| 2026 | -17.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBLY and VXZ good diversifiers for each other?
Yes. With a correlation of -0.31, MBLY and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MBLY and VXZ?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.23 over the last year and -0.28 over 5 years.
Is VXZ a good diversifier for MBLY?
Yes. With a correlation of -0.31, MBLY and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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/mbly-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbly-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MBLY correlations · VXZ correlations
