MKTX vs VRRM: Correlation
MarketAxess Holdings, Inc. (MKTX) and Verra Mobility Corporation (VRRM) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKTX and VRRM?
Over the past 3 years, MKTX and VRRM moved with a correlation of 0.35, which is moderate. The past 12 months show a tighter link (0.46) than the 3-year average (0.35). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 675.0 %².
Within MKTX's tracked universe of 14 assets, VRRM comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MKTX outperformed by 70.9 percentage points (-11.7% for MKTX against -82.6% for VRRM).
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 VRRM: side by side
| MKTX (MarketAxess Holdings, Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | -11.7% | -82.6% |
| 5-year return | -63.7% | -71.6% |
| Volatility (ann.) | 37.8% | 50.8% |
| Beta vs S&P 500 | 0.21 | 0.33 |
| Max drawdown (3Y) | -61.8% | -87.5% |
| Market cap | $5.7B | $0.7B |
| P/E (trailing) | 19.2 | 16.3 |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKTX | VRRM |
|---|---|---|
| 2022 | -31.5% | -10.4% |
| 2023 | +6.1% | +66.5% |
| 2024 | -21.8% | +5.0% |
| 2025 | -18.5% | -7.3% |
| 2026 | -9.0% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKTX and VRRM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MKTX and VRRM?
The MKTX/VRRM correlation stands at 0.35 on a 3-year window (1 year: 0.46, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is VRRM a good diversifier for MKTX?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-vrrm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mktx-vs-vrrm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKTX correlations · VRRM correlations
