MHK vs VXX: Correlation
Measured on weekly returns over the past three years, Mohawk Industries, Inc. (MHK) 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 MHK and VXX?
On 3 years of weekly data the MHK/VXX correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. The 5-year figure is -0.38, and annualized covariance runs at -922.1 %².
VXX is close to the least connected end of MHK's tracked universe, ranking #26 of 27. The last year tells two different stories: MHK led by 47.9 percentage points, -1.8% for MHK against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.5 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.
MHK vs VXX: side by side
| MHK (Mohawk Industries, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -1.8% | -49.7% |
| 5-year return | -35.8% | -95.6% |
| Volatility (ann.) | 39.3% | 60.9% |
| Beta vs S&P 500 | 1.13 | -3.31 |
| Max drawdown (3Y) | -42.0% | -83.3% |
| Market cap | $8.8B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MHK | VXX |
|---|---|---|
| 2022 | -43.9% | -23.8% |
| 2023 | +1.3% | -72.5% |
| 2024 | +15.1% | -26.2% |
| 2025 | -8.3% | -42.2% |
| 2026 | +18.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between MHK and VXX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with -0.38 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for MHK?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
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/mhk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mhk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MHK correlations · VXX correlations
