MPWR vs VXX: Correlation
How closely do Monolithic Power Systems (MPWR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.53, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPWR and VXX?
Over the past 3 years, MPWR and VXX moved with a correlation of -0.53, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.46 over 1 year against -0.53 over 3. Over 5 years the correlation is -0.43, and the annualized covariance of weekly returns is -1538.8 %².
Among the 41 assets we track against MPWR, VXX sits near the bottom by co-movement, at rank #40. Their recent paths diverged sharply: over the last 12 months MPWR outperformed by 102.1 percentage points (+52.4% for MPWR 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.
MPWR vs VXX: side by side
| MPWR (Monolithic Power Systems) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.4% | -49.7% |
| 5-year return | +170.3% | -95.6% |
| Volatility (ann.) | 48.1% | 60.9% |
| Beta vs S&P 500 | 2.22 | -3.31 |
| Max drawdown (3Y) | -51.6% | -83.3% |
| Market cap | $64.4B | – |
| P/E (trailing) | 79.4 | – |
| Dividend yield | 0.55% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MPWR | VXX |
|---|---|---|
| 2022 | -27.8% | -23.8% |
| 2023 | +79.8% | -72.5% |
| 2024 | -5.6% | -26.2% |
| 2025 | +54.5% | -42.2% |
| 2026 | +45.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPWR and VXX good diversifiers for each other?
Yes. With a correlation of -0.53, MPWR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MPWR and VXX?
The MPWR/VXX correlation stands at -0.53 on a 3-year window (1 year: -0.46, 5 years: -0.43), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for MPWR?
Yes. With a correlation of -0.53, MPWR and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 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/mpwr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mpwr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MPWR correlations · VXX correlations
