MRBK vs VXX: Correlation
Meridian Corporation (MRBK) 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 -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRBK and VXX?
Across a 3-year window, the weekly returns of MRBK and VXX correlate at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives -0.32, with an annualized covariance of -782.3 %².
Among the 13 assets we track against MRBK, VXX sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with MRBK ahead by 76.4 points (+26.7% versus -49.7%). Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MRBK vs VXX: side by side
| MRBK (Meridian Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.7% | -49.7% |
| 5-year return | +64.7% | -95.6% |
| Volatility (ann.) | 35.7% | 60.9% |
| Beta vs S&P 500 | 0.96 | -3.31 |
| Max drawdown (3Y) | -39.2% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 2.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRBK | VXX |
|---|---|---|
| 2022 | -13.3% | -23.8% |
| 2023 | -4.1% | -72.5% |
| 2024 | +3.4% | -26.2% |
| 2025 | +32.7% | -42.2% |
| 2026 | +12.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRBK and VXX good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MRBK and VXX?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.30 over the last year and -0.32 over 5 years.
Is VXX a good diversifier for MRBK?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
A reading of -0.36 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/mrbk-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrbk-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRBK correlations · VXX correlations
