MCHX vs VXX: Correlation
Measured on weekly returns over the past three years, Marchex, Inc. (MCHX) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHX and VXX?
Over the past 3 years, MCHX and VXX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.24). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -724.6 %².
Out of 10 assets tracked against MCHX, VXX lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months MCHX outperformed by 42.5 percentage points (-7.2% for MCHX 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.
MCHX vs VXX: side by side
| MCHX (Marchex, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.2% | -49.7% |
| 5-year return | -45.3% | -95.6% |
| Volatility (ann.) | 50.3% | 60.9% |
| Beta vs S&P 500 | 1.07 | -3.31 |
| Max drawdown (3Y) | -40.5% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCHX | VXX |
|---|---|---|
| 2022 | -35.5% | -23.8% |
| 2023 | -15.0% | -72.5% |
| 2024 | +28.7% | -26.2% |
| 2025 | -5.1% | -42.2% |
| 2026 | +9.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHX and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between MCHX and VXX?
As of 2026-08-27, the correlation of weekly returns between MCHX and VXX is -0.24 over 3 years, -0.13 over 1 year and -0.24 over 5 years.
Is VXX a good diversifier for MCHX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mchx-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mchx-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCHX correlations · VXX correlations
