MXC vs VEA: Correlation
Measured on weekly returns over the past three years, Mexco Energy Corporation (MXC) and Vanguard FTSE Developed Markets ETF (VEA) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and VEA?
Across a 3-year window, the weekly returns of MXC and VEA correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.18 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -166.6 %².
Among the 56 assets we track against MXC, VEA ranks #25 by 3-year correlation. Over the last 12 months VEA came out ahead by 6.9 percentage points (+21.6% against +28.5%). One caveat on sizing: MXC is 4.1 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.
MXC vs VEA: side by side
| MXC (Mexco Energy Corporation) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +21.6% | +28.5% |
| 5-year return | +7.2% | +63.5% |
| Volatility (ann.) | 62.1% | 15.1% |
| Beta vs S&P 500 | -0.31 | 0.79 |
| Max drawdown (3Y) | -60.6% | -13.5% |
| Market cap | – | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.02% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | MXC | VEA |
|---|---|---|
| 2022 | +33.0% | -15.3% |
| 2023 | -26.2% | +17.9% |
| 2024 | +24.6% | +3.1% |
| 2025 | -10.8% | +35.2% |
| 2026 | -0.6% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and VEA good diversifiers for each other?
Yes. With a correlation of -0.18, MXC and VEA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MXC and VEA?
The MXC/VEA correlation stands at -0.18 on a 3-year window (1 year: -0.36, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for MXC?
Yes. With a correlation of -0.18, MXC and VEA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 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-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mxc-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MXC correlations · VEA correlations
