MCRI vs VXX: Correlation
How closely do Monarch Casino & Resort, Inc. (MCRI) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCRI and VXX?
On 3 years of weekly data the MCRI/VXX correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.33). The 5-year figure is -0.30, and annualized covariance runs at -544.8 %².
Out of 11 assets tracked against MCRI, VXX lands near the bottom at #11. The last year tells two different stories: MCRI led by 68.3 percentage points, +18.6% for MCRI against -49.7% for VXX. Risk is not evenly split, since VXX carries 2.2 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.
MCRI vs VXX: side by side
| MCRI (Monarch Casino & Resort, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +18.6% | -49.7% |
| 5-year return | +113.4% | -95.6% |
| Volatility (ann.) | 27.2% | 60.9% |
| Beta vs S&P 500 | 0.65 | -3.31 |
| Max drawdown (3Y) | -23.1% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 0.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCRI | VXX |
|---|---|---|
| 2022 | +4.0% | -23.8% |
| 2023 | -2.6% | -72.5% |
| 2024 | +16.0% | -26.2% |
| 2025 | +22.9% | -42.2% |
| 2026 | +29.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCRI and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between MCRI and VXX?
As of 2026-08-27, the correlation of weekly returns between MCRI and VXX is -0.33 over 3 years, -0.06 over 1 year and -0.30 over 5 years.
Is VXX a good diversifier for MCRI?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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/mcri-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcri-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCRI correlations · VXX correlations
