MCFT vs VXZ: Correlation
Measured on weekly returns over the past three years, MasterCraft Boat Holdings, Inc. (MCFT) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCFT and VXZ?
On 3 years of weekly data the MCFT/VXZ correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. The 5-year figure is -0.35, and annualized covariance runs at -368.8 %².
Out of 22 assets tracked against MCFT, VXZ lands near the bottom at #21. The last year tells two different stories: MCFT led by 21.7 percentage points, +5.6% for MCFT against -16.1% for VXZ. Risk is not evenly split, since MCFT carries 1.5 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.
MCFT vs VXZ: side by side
| MCFT (MasterCraft Boat Holdings, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.6% | -16.1% |
| 5-year return | -7.0% | -53.1% |
| Volatility (ann.) | 39.1% | 25.6% |
| Beta vs S&P 500 | 1.03 | -1.31 |
| Max drawdown (3Y) | -41.1% | -36.4% |
| Market cap | $0.6B | – |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCFT | VXZ |
|---|---|---|
| 2022 | -8.7% | +0.5% |
| 2023 | -12.5% | -44.0% |
| 2024 | -15.8% | -12.7% |
| 2025 | -0.8% | +5.7% |
| 2026 | +27.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCFT and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between MCFT and VXZ?
As of 2026-08-27, the correlation of weekly returns between MCFT and VXZ is -0.37 over 3 years, -0.34 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for MCFT?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcft-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCFT correlations · VXZ correlations
