MTH vs VXX: Correlation
Measured on weekly returns over the past three years, Meritage Homes Corporation (MTH) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTH and VXX?
Over the past 3 years, MTH and VXX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.23 versus -0.35 over 3 years. Over 5 years the correlation is -0.38, and the annualized covariance of weekly returns is -820.9 %².
Among the 35 assets we track against MTH, VXX sits near the bottom by co-movement, at rank #34. Their recent paths diverged sharply: over the last 12 months MTH outperformed by 42.7 percentage points (-7.0% for MTH against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.6 times the volatility of the other side.
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.
MTH vs VXX: side by side
| MTH (Meritage Homes Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -7.0% | -49.7% |
| 5-year return | +34.0% | -95.6% |
| Volatility (ann.) | 39.0% | 60.9% |
| Beta vs S&P 500 | 0.90 | -3.31 |
| Max drawdown (3Y) | -43.0% | -83.3% |
| Market cap | $4.6B | – |
| P/E (trailing) | 15.0 | – |
| Dividend yield | 2.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTH | VXX |
|---|---|---|
| 2022 | -24.5% | -23.8% |
| 2023 | +90.5% | -72.5% |
| 2024 | -10.2% | -26.2% |
| 2025 | -12.3% | -42.2% |
| 2026 | +8.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTH and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between MTH and VXX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.23 over the last year and -0.38 over 5 years.
Is VXX a good diversifier for MTH?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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/mth-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mth-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MTH correlations · VXX correlations
