MCFT vs VXX: Correlation
Measured on weekly returns over the past three years, MasterCraft Boat Holdings, Inc. (MCFT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCFT and VXX?
Over the past 3 years, MCFT and VXX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.27) than the 3-year average (-0.38). Over 5 years the correlation is -0.35, and the annualized covariance of weekly returns is -898.9 %².
Among the 22 assets we track against MCFT, VXX sits near the bottom by co-movement, at rank #22. Their recent paths diverged sharply: over the last 12 months MCFT outperformed by 55.3 percentage points (+5.6% for MCFT against -49.7% for VXX). One caveat on sizing: VXX is 1.6 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.
MCFT vs VXX: side by side
| MCFT (MasterCraft Boat Holdings, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.6% | -49.7% |
| 5-year return | -7.0% | -95.6% |
| Volatility (ann.) | 39.1% | 60.9% |
| Beta vs S&P 500 | 1.03 | -3.31 |
| Max drawdown (3Y) | -41.1% | -83.3% |
| Market cap | $0.6B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCFT | VXX |
|---|---|---|
| 2022 | -8.7% | -23.8% |
| 2023 | -12.5% | -72.5% |
| 2024 | -15.8% | -26.2% |
| 2025 | -0.8% | -42.2% |
| 2026 | +27.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCFT and VXX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MCFT and VXX?
As of 2026-08-27, the correlation of weekly returns between MCFT and VXX is -0.38 over 3 years, -0.27 over 1 year and -0.35 over 5 years.
Is VXX a good diversifier for MCFT?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 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/mcft-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcft-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCFT correlations · VXX correlations
