MXC vs STZ: Correlation
How closely do Mexco Energy Corporation (MXC) and Constellation Brands (STZ) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and STZ?
On 3 years of weekly data the MXC/STZ correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.21 over 3. The 5-year figure is -0.07, and annualized covariance runs at -355.3 %².
Among the 56 assets we track against MXC, STZ ranks #37 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MXC outperformed by 37.3 percentage points (+21.6% for MXC against -15.7% for STZ). Note the risk asymmetry: MXC runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MXC vs STZ: side by side
| MXC (Mexco Energy Corporation) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | +21.6% | -15.7% |
| 5-year return | +7.2% | -31.9% |
| Volatility (ann.) | 62.1% | 26.6% |
| Beta vs S&P 500 | -0.31 | 0.41 |
| Max drawdown (3Y) | -60.6% | -51.3% |
| Market cap | – | $22.4B |
| P/E (trailing) | 13.0 | 12.8 |
| Dividend yield | 1.02% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | MXC | STZ |
|---|---|---|
| 2022 | +33.0% | -6.4% |
| 2023 | -26.2% | +5.8% |
| 2024 | +24.6% | -7.1% |
| 2025 | -10.8% | -36.0% |
| 2026 | -0.6% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and STZ good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MXC and STZ?
The MXC/STZ correlation stands at -0.21 on a 3-year window (1 year: -0.27, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is STZ a good diversifier for MXC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mxc-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mxc-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MXC correlations · STZ correlations
