MCHX vs MMT: Correlation
Measured on weekly returns over the past three years, Marchex, Inc. (MCHX) and Aberdeen Multi-Market Income Fund (MMT) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHX and MMT?
On 3 years of weekly data the MCHX/MMT correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 157.1 %².
In MCHX's tracked universe of 10 assets, MMT sits right near the top at #3. The trailing year gives MMT the advantage: -7.2% versus +3.2%, a 10.4-point spread. Note the risk asymmetry: MCHX runs 6.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MCHX vs MMT: side by side
| MCHX (Marchex, Inc.) | MMT (Aberdeen Multi-Market Income Fund) | |
|---|---|---|
| 1-year return | -7.2% | +3.2% |
| 5-year return | -45.3% | +5.0% |
| Volatility (ann.) | 50.3% | 8.4% |
| Beta vs S&P 500 | 1.07 | 0.27 |
| Max drawdown (3Y) | -40.5% | -7.1% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 9.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCHX | MMT |
|---|---|---|
| 2022 | -35.5% | -23.0% |
| 2023 | -15.0% | +10.1% |
| 2024 | +28.7% | +12.5% |
| 2025 | -5.1% | +8.1% |
| 2026 | +9.0% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHX and MMT good diversifiers for each other?
Reasonably. At 0.37, MCHX and MMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MCHX and MMT?
The MCHX/MMT correlation stands at 0.37 on a 3-year window (1 year: 0.28, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is MMT a good diversifier for MCHX?
Reasonably. At 0.37, MCHX and MMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/mchx-vs-mmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mchx-vs-mmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCHX correlations · MMT correlations
