MC vs VXX: Correlation
How closely do Moelis & Company (MC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.58, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MC and VXX?
Across a 3-year window, the weekly returns of MC and VXX correlate at -0.58, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.45 versus -0.58 over 3 years. Stretching to 5 years gives -0.52, with an annualized covariance of -1246.5 %².
Among the 14 assets we track against MC, VXX sits near the bottom by co-movement, at rank #13. The last year tells two different stories: MC led by 48.2 percentage points, -1.5% for MC against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.7 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.
MC vs VXX: side by side
| MC (Moelis & Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.5% | -49.7% |
| 5-year return | +42.5% | -95.6% |
| Volatility (ann.) | 35.1% | 60.9% |
| Beta vs S&P 500 | 1.41 | -3.31 |
| Max drawdown (3Y) | -39.3% | -83.3% |
| Market cap | $5.1B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 3.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MC | VXX |
|---|---|---|
| 2022 | -35.2% | -23.8% |
| 2023 | +54.9% | -72.5% |
| 2024 | +37.1% | -26.2% |
| 2025 | -3.1% | -42.2% |
| 2026 | +2.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
FAQ
What is the correlation between MC and VXX?
The MC/VXX correlation stands at -0.58 on a 3-year window (1 year: -0.45, 5 years: -0.52), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for MC?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
What does a correlation of -0.58 mean?
A reading of -0.58 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/mc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MC correlations · VXX correlations
