MRBK vs VXZ: Correlation
Meridian Corporation (MRBK) 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 -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRBK and VXZ?
Over the past 3 years, MRBK and VXZ moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.39 lands near the 3-year figure. Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -336.0 %².
VXZ is close to the least connected end of MRBK's tracked universe, ranking #13 of 13. The last year tells two different stories: MRBK led by 42.8 percentage points, +26.7% for MRBK against -16.1% for VXZ.
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 VXZ: side by side
| MRBK (Meridian Corporation) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.7% | -16.1% |
| 5-year return | +64.7% | -53.1% |
| Volatility (ann.) | 35.7% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -39.2% | -36.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 2.81% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRBK | VXZ |
|---|---|---|
| 2022 | -13.3% | +0.5% |
| 2023 | -4.1% | -44.0% |
| 2024 | +3.4% | -12.7% |
| 2025 | +32.7% | +5.7% |
| 2026 | +12.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRBK and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between MRBK and VXZ?
As of 2026-08-27, the correlation of weekly returns between MRBK and VXZ is -0.37 over 3 years, -0.39 over 1 year and -0.34 over 5 years.
Is VXZ a good diversifier for MRBK?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 mean?
A reading of -0.37 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrbk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRBK correlations · VXZ correlations
