MRCY vs VXX: Correlation
How closely do Mercury Systems Inc (MRCY) 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 -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRCY and VXX?
Over the past 3 years, MRCY and VXX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.38) sits close to the 3-year figure. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -849.5 %².
VXX is close to the least connected end of MRCY's tracked universe, ranking #16 of 16. Their recent paths diverged sharply: over the last 12 months MRCY outperformed by 82.5 percentage points (+32.8% for MRCY 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.
MRCY vs VXX: side by side
| MRCY (Mercury Systems Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +32.8% | -49.7% |
| 5-year return | +79.4% | -95.6% |
| Volatility (ann.) | 48.8% | 60.9% |
| Beta vs S&P 500 | 1.23 | -3.31 |
| Max drawdown (3Y) | -35.0% | -83.3% |
| Market cap | $5.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRCY | VXX |
|---|---|---|
| 2022 | -18.7% | -23.8% |
| 2023 | -18.3% | -72.5% |
| 2024 | +14.8% | -26.2% |
| 2025 | +73.8% | -42.2% |
| 2026 | +23.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRCY and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between MRCY and VXX?
As of 2026-08-27, the correlation of weekly returns between MRCY and VXX is -0.29 over 3 years, -0.38 over 1 year and -0.24 over 5 years.
Is VXX a good diversifier for MRCY?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrcy-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrcy-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRCY correlations · VXX correlations
