MKSI vs VXX: Correlation
MKS Inc. (MKSI) 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 -0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and VXX?
Over the past 3 years, MKSI and VXX moved with a correlation of -0.62, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.41) than the 3-year average (-0.62). Over 5 years the correlation is -0.54, and the annualized covariance of weekly returns is -1929.3 %².
VXX is close to the least connected end of MKSI's tracked universe, ranking #41 of 41. The last year tells two different stories: MKSI led by 207.2 percentage points, +157.5% for MKSI 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.
MKSI vs VXX: side by side
| MKSI (MKS Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +157.5% | -49.7% |
| 5-year return | +88.2% | -95.6% |
| Volatility (ann.) | 50.8% | 60.9% |
| Beta vs S&P 500 | 2.39 | -3.31 |
| Max drawdown (3Y) | -59.1% | -83.3% |
| Market cap | $18.3B | – |
| P/E (trailing) | 43.3 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKSI | VXX |
|---|---|---|
| 2022 | -51.0% | -23.8% |
| 2023 | +22.6% | -72.5% |
| 2024 | +2.2% | -26.2% |
| 2025 | +54.4% | -42.2% |
| 2026 | +70.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and VXX good diversifiers for each other?
Yes: at -0.62, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MKSI and VXX?
Using weekly returns as of 2026-08-27: -0.62 over 3 years, with -0.41 over the last year and -0.54 over 5 years.
Is VXX a good diversifier for MKSI?
Yes: at -0.62, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.62 mean?
A reading of -0.62 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/mksi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mksi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MKSI correlations · VXX correlations
