MCB vs VXX: Correlation
How closely do Metropolitan Bank Holding Corp. (MCB) 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 -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCB and VXX?
On 3 years of weekly data the MCB/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.41). The 5-year figure is -0.36, and annualized covariance runs at -1083.4 %².
VXX is close to the least connected end of MCB's tracked universe, ranking #9 of 10. The last year tells two different stories: MCB led by 67.2 percentage points, +17.5% for MCB against -49.7% for VXX.
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.
MCB vs VXX: side by side
| MCB (Metropolitan Bank Holding Corp.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.5% | -49.7% |
| 5-year return | +20.3% | -95.6% |
| Volatility (ann.) | 43.5% | 60.9% |
| Beta vs S&P 500 | 0.94 | -3.31 |
| Max drawdown (3Y) | -42.3% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.82% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCB | VXX |
|---|---|---|
| 2022 | -44.9% | -23.8% |
| 2023 | -5.6% | -72.5% |
| 2024 | +5.5% | -26.2% |
| 2025 | +31.3% | -42.2% |
| 2026 | +21.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCB and VXX good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MCB and VXX?
The MCB/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.18, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for MCB?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
A reading of -0.41 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/mcb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCB correlations · VXX correlations
