MHH vs VXX: Correlation
Mastech Digital, Inc (MHH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHH and VXX?
Over the past 3 years, MHH and VXX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -745.0 %².
VXX is close to the least connected end of MHH's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months MHH outperformed by 46.7 percentage points (-3.0% for MHH 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.
MHH vs VXX: side by side
| MHH (Mastech Digital, Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -3.0% | -49.7% |
| 5-year return | -56.7% | -95.6% |
| Volatility (ann.) | 46.7% | 60.9% |
| Beta vs S&P 500 | 0.80 | -3.31 |
| Max drawdown (3Y) | -65.6% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 43.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MHH | VXX |
|---|---|---|
| 2022 | -35.5% | -23.8% |
| 2023 | -23.4% | -72.5% |
| 2024 | +76.7% | -26.2% |
| 2025 | -53.2% | -42.2% |
| 2026 | +5.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHH and VXX good diversifiers for each other?
Yes. With a correlation of -0.26, MHH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MHH and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.15 over the last year and -0.27 over 5 years.
Is VXX a good diversifier for MHH?
Yes. With a correlation of -0.26, MHH and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/mhh-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mhh-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MHH correlations · VXX correlations
