MRVL vs VXZ: Correlation
How closely do Marvell Technology (MRVL) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and VXZ?
Over the past 3 years, MRVL and VXZ moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.19 versus -0.46 over 3 years. Over 5 years the correlation is -0.44, and the annualized covariance of weekly returns is -680.7 %².
VXZ is close to the least connected end of MRVL's tracked universe, ranking #28 of 30. Correlation aside, the last 12 months split them widely, with MRVL ahead by 239.6 points (+223.5% versus -16.1%). One caveat on sizing: MRVL is 2.3 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.
MRVL vs VXZ: side by side
| MRVL (Marvell Technology) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +223.5% | -16.1% |
| 5-year return | +297.0% | -53.1% |
| Volatility (ann.) | 57.8% | 25.6% |
| Beta vs S&P 500 | 2.19 | -1.31 |
| Max drawdown (3Y) | -60.8% | -36.4% |
| Market cap | $217.0B | – |
| P/E (trailing) | 82.7 | – |
| Dividend yield | 0.10% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MRVL | VXZ |
|---|---|---|
| 2022 | -57.5% | +0.5% |
| 2023 | +63.7% | -44.0% |
| 2024 | +83.8% | -12.7% |
| 2025 | -22.8% | +5.7% |
| 2026 | +184.5% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVL and VXZ good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MRVL and VXZ?
As of 2026-08-27, the correlation of weekly returns between MRVL and VXZ is -0.46 over 3 years, -0.19 over 1 year and -0.44 over 5 years.
Is VXZ a good diversifier for MRVL?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.46 mean?
On the −1 to +1 scale, -0.46 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrvl-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRVL correlations · VXZ correlations
