MX vs VRRM: Correlation
Magnachip Semiconductor Corporation (MX) and Verra Mobility Corporation (VRRM) 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 MX and VRRM?
Over the past 3 years, MX and VRRM moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.33). Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -1311.2 %².
Among the 16 assets we track against MX, VRRM sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with MX ahead by 84.8 points (+2.2% versus -82.6%). Risk is not evenly split, since MX 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.
MX vs VRRM: side by side
| MX (Magnachip Semiconductor Corporation) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | +2.2% | -82.6% |
| 5-year return | -81.9% | -71.6% |
| Volatility (ann.) | 79.4% | 50.8% |
| Beta vs S&P 500 | 1.88 | 0.33 |
| Max drawdown (3Y) | -73.5% | -87.5% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MX | VRRM |
|---|---|---|
| 2022 | -55.2% | -10.4% |
| 2023 | -20.1% | +66.5% |
| 2024 | -46.4% | +5.0% |
| 2025 | -36.6% | -7.3% |
| 2026 | +27.1% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MX and VRRM good diversifiers for each other?
Yes. With a correlation of -0.33, MX and VRRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MX and VRRM?
The MX/VRRM correlation stands at -0.33 on a 3-year window (1 year: -0.46, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is VRRM a good diversifier for MX?
Yes. With a correlation of -0.33, MX and VRRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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/mx-vs-vrrm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mx-vs-vrrm/)
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Related comparisons
Hubs: MX correlations · VRRM correlations
