ACHR vs EVEX: Correlation
Archer Aviation Inc. (ACHR) and Eve Holding, Inc. (EVEX) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACHR and EVEX?
Over the past 3 years, ACHR and EVEX moved with a correlation of 0.51, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.74 versus 0.51 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2699.1 %².
Among the 26 assets we track against ACHR, EVEX ranks #10 by 3-year correlation. The trailing year gives ACHR the advantage: -35.2% versus -40.8%, a 5.6-point spread.
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.
ACHR vs EVEX: side by side
| ACHR (Archer Aviation Inc.) | EVEX (Eve Holding, Inc.) | |
|---|---|---|
| 1-year return | -35.2% | -40.8% |
| 5-year return | -40.7% | -72.4% |
| Volatility (ann.) | 87.9% | 60.7% |
| Beta vs S&P 500 | 3.18 | 1.73 |
| Max drawdown (3Y) | -67.4% | -75.8% |
| Market cap | $4.6B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACHR | EVEX |
|---|---|---|
| 2022 | -69.0% | – |
| 2023 | +228.3% | +1.7% |
| 2024 | +58.8% | -25.7% |
| 2025 | -22.9% | -26.7% |
| 2026 | -21.1% | -40.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACHR and EVEX good diversifiers for each other?
Only partially. A correlation of 0.51 means ACHR and EVEX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACHR and EVEX?
The ACHR/EVEX correlation stands at 0.51 on a 3-year window (1 year: 0.74, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is EVEX a good diversifier for ACHR?
Only partially. A correlation of 0.51 means ACHR and EVEX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ACHR correlations · EVEX correlations
