MRVL vs VXX: Correlation
Marvell Technology (MRVL) 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 -0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and VXX?
Over the past 3 years, MRVL and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.47). Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -1644.5 %².
Out of 30 assets tracked against MRVL, VXX lands near the bottom at #29. The last year tells two different stories: MRVL led by 273.2 percentage points, +223.5% for MRVL 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.
MRVL vs VXX: side by side
| MRVL (Marvell Technology) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +223.5% | -49.7% |
| 5-year return | +297.0% | -95.6% |
| Volatility (ann.) | 57.8% | 60.9% |
| Beta vs S&P 500 | 2.19 | -3.31 |
| Max drawdown (3Y) | -60.8% | -83.3% |
| Market cap | $217.0B | – |
| P/E (trailing) | 82.7 | – |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MRVL | VXX |
|---|---|---|
| 2022 | -57.5% | -23.8% |
| 2023 | +63.7% | -72.5% |
| 2024 | +83.8% | -26.2% |
| 2025 | -22.8% | -42.2% |
| 2026 | +184.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVL and VXX good diversifiers for each other?
Yes. With a correlation of -0.47, MRVL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MRVL and VXX?
Using weekly returns as of 2026-08-27: -0.47 over 3 years, with -0.17 over the last year and -0.42 over 5 years.
Is VXX a good diversifier for MRVL?
Yes. With a correlation of -0.47, MRVL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.47 mean?
On the −1 to +1 scale, -0.47 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/mrvl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrvl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRVL correlations · VXX correlations
