MCHP vs VXX: Correlation
Measured on weekly returns over the past three years, Microchip Technology (MCHP) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.54, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and VXX?
On 3 years of weekly data the MCHP/VXX correlation comes out at -0.54, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.44) than the 3-year average (-0.54). The 5-year figure is -0.49, and annualized covariance runs at -1526.5 %².
Among the 44 assets we track against MCHP, VXX sits near the bottom by co-movement, at rank #44. Correlation aside, the last 12 months split them widely, with MCHP ahead by 65.9 points (+16.2% versus -49.7%).
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.
MCHP vs VXX: side by side
| MCHP (Microchip Technology) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +16.2% | -49.7% |
| 5-year return | +5.9% | -95.6% |
| Volatility (ann.) | 46.7% | 60.9% |
| Beta vs S&P 500 | 1.97 | -3.31 |
| Max drawdown (3Y) | -63.8% | -83.3% |
| Market cap | $41.0B | – |
| P/E (trailing) | 109.4 | – |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MCHP | VXX |
|---|---|---|
| 2022 | -18.0% | -23.8% |
| 2023 | +30.9% | -72.5% |
| 2024 | -35.0% | -26.2% |
| 2025 | +14.6% | -42.2% |
| 2026 | +20.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
FAQ
What is the correlation between MCHP and VXX?
Using weekly returns as of 2026-08-27: -0.54 over 3 years, with -0.44 over the last year and -0.49 over 5 years.
Is VXX a good diversifier for MCHP?
By historical standards, yes. A correlation of -0.54 means the two rarely move for the same reasons.
What does a correlation of -0.54 mean?
A reading of -0.54 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/mchp-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mchp-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCHP correlations · VXX correlations
