MPWR vs VXZ: Correlation
Monolithic Power Systems (MPWR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPWR and VXZ?
On 3 years of weekly data the MPWR/VXZ correlation comes out at -0.51, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.35 versus -0.51 over 3 years. The 5-year figure is -0.46, and annualized covariance runs at -621.8 %².
Among the 41 assets we track against MPWR, VXZ sits near the bottom by co-movement, at rank #39. The last year tells two different stories: MPWR led by 68.5 percentage points, +52.4% for MPWR against -16.1% for VXZ. One caveat on sizing: MPWR is 1.9 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.
MPWR vs VXZ: side by side
| MPWR (Monolithic Power Systems) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +52.4% | -16.1% |
| 5-year return | +170.3% | -53.1% |
| Volatility (ann.) | 48.1% | 25.6% |
| Beta vs S&P 500 | 2.22 | -1.31 |
| Max drawdown (3Y) | -51.6% | -36.4% |
| Market cap | $64.4B | – |
| P/E (trailing) | 79.4 | – |
| Dividend yield | 0.55% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MPWR | VXZ |
|---|---|---|
| 2022 | -27.8% | +0.5% |
| 2023 | +79.8% | -44.0% |
| 2024 | -5.6% | -12.7% |
| 2025 | +54.5% | +5.7% |
| 2026 | +45.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPWR and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
FAQ
What is the correlation between MPWR and VXZ?
As of 2026-08-27, the correlation of weekly returns between MPWR and VXZ is -0.51 over 3 years, -0.35 over 1 year and -0.46 over 5 years.
Is VXZ a good diversifier for MPWR?
By historical standards, yes. A correlation of -0.51 means the two rarely move for the same reasons.
What does a correlation of -0.51 mean?
On the −1 to +1 scale, -0.51 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mpwr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MPWR correlations · VXZ correlations
