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MMYT correlations (MakeMyTrip Limited)

Which assets move with MMYT and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

49.5%

3y weekly

Beta vs S&P 500

1.76

3y weekly

1-year return

-43.6%

price, adjusted

5-year return

+128.7%

price, adjusted

Market cap

$5.5B

latest

P/E ratio

253.0

trailing

Max drawdown

-69.9%

3y, daily closes

MMYT over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with MMYT

Asset		Correlation (3Y)
IIF	Morgan Stanley India Investment Fund, Inc.	0.58
VTI	Vanguard Total Stock Market ETF	0.53
XLY	Consumer Discretionary Select Sector SPDR Fund	0.52
ACWI	iShares MSCI ACWI ETF	0.52
QUAL	iShares MSCI USA Quality Factor ETF	0.52

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from MMYT.

Asset		Correlation (3Y)
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.49
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.45
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.45

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/mmyt.json

Correlations, diversifiers, beta and volatility for MMYT, plus one endpoint per pair. API documentation.