MKDW vs TIP: Correlation
MKDWELL Tech Inc. (MKDW) and iShares TIPS Bond ETF (TIP) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKDW and TIP?
Over the past 3 years, MKDW and TIP moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.22). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -127.2 %².
By 3-year correlation, TIP places #11 of the 16 assets tracked against MKDW. Correlation aside, the last 12 months split them widely, with MKDW ahead by 81.7 points (+83.1% versus +1.4%). One caveat on sizing: MKDW is 29.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MKDW vs TIP: side by side
| MKDW (MKDWELL Tech Inc.) | TIP (iShares TIPS Bond ETF) | |
|---|---|---|
| 1-year return | +83.1% | +1.4% |
| 5-year return | n/a | +1.2% |
| Volatility (ann.) | 130.7% | 4.4% |
| Beta vs S&P 500 | 1.90 | 0.05 |
| Max drawdown (3Y) | -99.4% | -3.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.47% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $14.6B |
| Sector / category | US Listed | ETF · Bonds |
TIP is an Inflation-Protected Bond fund from iShares: $14.6B under management, a 0.18% expense ratio, a 4.47% trailing dividend yield.
Year-by-year returns
| Year | MKDW | TIP |
|---|---|---|
| 2022 | – | -12.3% |
| 2023 | – | +3.8% |
| 2024 | -91.3% | +1.7% |
| 2025 | -82.6% | +6.8% |
| 2026 | +138.0% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKDW and TIP good diversifiers for each other?
Yes. With a correlation of -0.22, MKDW and TIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MKDW and TIP?
As of 2026-08-27, the correlation of weekly returns between MKDW and TIP is -0.22 over 3 years, 0.00 over 1 year and n/a over 5 years.
Is TIP a good diversifier for MKDW?
Yes. With a correlation of -0.22, MKDW and TIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/mkdw-vs-tip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mkdw-vs-tip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MKDW correlations · TIP correlations
