MUFG vs VXX: Correlation
Mitsubishi UFJ Financial Group, Inc. (MUFG) 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 -0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MUFG and VXX?
On 3 years of weekly data the MUFG/VXX correlation comes out at -0.55, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.40) than the 3-year average (-0.55). The 5-year figure is -0.50, and annualized covariance runs at -1023.8 %².
Among the 10 assets we track against MUFG, VXX sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months MUFG outperformed by 96.6 percentage points (+46.9% for MUFG against -49.7% for VXX). Risk is not evenly split, since VXX carries 2.0 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.
MUFG vs VXX: side by side
| MUFG (Mitsubishi UFJ Financial Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +46.9% | -49.7% |
| 5-year return | +338.5% | -95.6% |
| Volatility (ann.) | 30.7% | 60.9% |
| Beta vs S&P 500 | 0.98 | -3.31 |
| Max drawdown (3Y) | -26.6% | -83.3% |
| Market cap | $252.6B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 383.24% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MUFG | VXX |
|---|---|---|
| 2022 | +22.2% | -23.8% |
| 2023 | +29.1% | -72.5% |
| 2024 | +40.1% | -26.2% |
| 2025 | +38.0% | -42.2% |
| 2026 | +41.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MUFG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.55 means the two rarely move for the same reasons.
FAQ
What is the correlation between MUFG and VXX?
Using weekly returns as of 2026-08-27: -0.55 over 3 years, with -0.40 over the last year and -0.50 over 5 years.
Is VXX a good diversifier for MUFG?
By historical standards, yes. A correlation of -0.55 means the two rarely move for the same reasons.
What does a correlation of -0.55 mean?
A reading of -0.55 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/mufg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mufg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MUFG correlations · VXX correlations
