MRTN vs VXX: Correlation
Marten Transport, Ltd. (MRTN) 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 -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRTN and VXX?
Over the past 3 years, MRTN and VXX moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.13) than the 3-year average (-0.33). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -577.7 %².
Out of 21 assets tracked against MRTN, VXX lands near the bottom at #20. Correlation aside, the last 12 months split them widely, with MRTN ahead by 73.1 points (+23.4% versus -49.7%). One caveat on sizing: VXX is 2.1 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.
MRTN vs VXX: side by side
| MRTN (Marten Transport, Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +23.4% | -49.7% |
| 5-year return | -1.0% | -95.6% |
| Volatility (ann.) | 28.6% | 60.9% |
| Beta vs S&P 500 | 0.78 | -3.31 |
| Max drawdown (3Y) | -54.8% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 96.4 | – |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRTN | VXX |
|---|---|---|
| 2022 | +16.7% | -23.8% |
| 2023 | +7.3% | -72.5% |
| 2024 | -24.6% | -26.2% |
| 2025 | -25.7% | -42.2% |
| 2026 | +28.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRTN and VXX good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MRTN and VXX?
As of 2026-08-27, the correlation of weekly returns between MRTN and VXX is -0.33 over 3 years, -0.13 over 1 year and -0.27 over 5 years.
Is VXX a good diversifier for MRTN?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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/mrtn-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrtn-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRTN correlations · VXX correlations
