MDB vs VXX: Correlation
Measured on weekly returns over the past three years, MongoDB, Inc. (MDB) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDB and VXX?
On 3 years of weekly data the MDB/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.46) sits close to the 3-year figure. The 5-year figure is -0.36, and annualized covariance runs at -1484.6 %².
Out of 14 assets tracked against MDB, VXX lands near the bottom at #13. The last year tells two different stories: MDB led by 98.7 percentage points, +49.0% for MDB 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.
MDB vs VXX: side by side
| MDB (MongoDB, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.0% | -49.7% |
| 5-year return | +11.2% | -95.6% |
| Volatility (ann.) | 63.4% | 60.9% |
| Beta vs S&P 500 | 1.93 | -3.31 |
| Max drawdown (3Y) | -70.9% | -83.3% |
| Market cap | $35.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDB | VXX |
|---|---|---|
| 2022 | -62.8% | -23.8% |
| 2023 | +107.7% | -72.5% |
| 2024 | -43.1% | -26.2% |
| 2025 | +80.3% | -42.2% |
| 2026 | +5.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDB and VXX good diversifiers for each other?
Yes. With a correlation of -0.38, MDB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MDB and VXX?
The MDB/VXX correlation stands at -0.38 on a 3-year window (1 year: -0.46, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for MDB?
Yes. With a correlation of -0.38, MDB and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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/mdb-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdb-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MDB correlations · VXX correlations
