MKTX vs RCON: Correlation
How closely do MarketAxess Holdings, Inc. (MKTX) and Recon Technology, Ltd. - Class A (RCON) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKTX and RCON?
Across a 3-year window, the weekly returns of MKTX and RCON correlate at 0.47, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.47). Stretching to 5 years gives 0.36, with an annualized covariance of 245791.7 %².
Among the 14 assets we track against MKTX, RCON ranks #4 by 3-year correlation. On 12-month performance MKTX holds a 10.9-point edge, -11.7% against -22.6%. Risk is not evenly split, since RCON carries 363.2 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.
MKTX vs RCON: side by side
| MKTX (MarketAxess Holdings, Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -11.7% | -22.6% |
| 5-year return | -63.7% | -97.1% |
| Volatility (ann.) | 37.8% | 13728.9% |
| Beta vs S&P 500 | 0.21 | 22.04 |
| Max drawdown (3Y) | -61.8% | -100.0% |
| Market cap | $5.7B | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKTX | RCON |
|---|---|---|
| 2022 | -31.5% | -3.8% |
| 2023 | +6.1% | -81.7% |
| 2024 | -21.8% | -49.5% |
| 2025 | -18.5% | -24.4% |
| 2026 | -9.0% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKTX and RCON good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MKTX and RCON?
The MKTX/RCON correlation stands at 0.47 on a 3-year window (1 year: 0.63, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for MKTX?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/mktx-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mktx-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MKTX correlations · RCON correlations
