MDB vs VXZ: Correlation
Measured on weekly returns over the past three years, MongoDB, Inc. (MDB) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDB and VXZ?
On 3 years of weekly data the MDB/VXZ correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.40 lands near the 3-year figure. The 5-year figure is -0.37, and annualized covariance runs at -563.2 %².
Out of 14 assets tracked against MDB, VXZ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months MDB outperformed by 65.1 percentage points (+49.0% for MDB against -16.1% for VXZ). Note the risk asymmetry: MDB runs 2.5 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.
MDB vs VXZ: side by side
| MDB (MongoDB, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +49.0% | -16.1% |
| 5-year return | +11.2% | -53.1% |
| Volatility (ann.) | 63.4% | 25.6% |
| Beta vs S&P 500 | 1.93 | -1.31 |
| Max drawdown (3Y) | -70.9% | -36.4% |
| Market cap | $35.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDB | VXZ |
|---|---|---|
| 2022 | -62.8% | +0.5% |
| 2023 | +107.7% | -44.0% |
| 2024 | -43.1% | -12.7% |
| 2025 | +80.3% | +5.7% |
| 2026 | +5.0% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDB and VXZ good diversifiers for each other?
Yes. With a correlation of -0.35, MDB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MDB and VXZ?
The MDB/VXZ correlation stands at -0.35 on a 3-year window (1 year: -0.40, 5 years: -0.37), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for MDB?
Yes. With a correlation of -0.35, MDB and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mdb-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdb-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDB correlations · VXZ correlations
