AXIL vs EVCM: Correlation
How closely do AXIL Brands, Inc. (AXIL) and EverCommerce Inc. (EVCM) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXIL and EVCM?
Over the past 3 years, AXIL and EVCM moved with a correlation of 0.31, which is moderate. The past 12 months show a tighter link (0.43) than the 3-year average (0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1460.0 %².
Among the 12 assets we track against AXIL, EVCM ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AXIL ahead by 20.4 points (+2.3% versus -18.1%). One caveat on sizing: AXIL is 2.0 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.
AXIL vs EVCM: side by side
| AXIL (AXIL Brands, Inc.) | EVCM (EverCommerce Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -18.1% |
| 5-year return | n/a | -55.5% |
| Volatility (ann.) | 94.8% | 47.9% |
| Beta vs S&P 500 | 0.78 | 0.95 |
| Max drawdown (3Y) | -74.3% | -35.0% |
| Market cap | – | $1.7B |
| P/E (trailing) | 18.6 | 58.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXIL | EVCM |
|---|---|---|
| 2022 | – | -52.8% |
| 2023 | – | +48.3% |
| 2024 | – | -0.2% |
| 2025 | +79.5% | +10.0% |
| 2026 | -8.5% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXIL and EVCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AXIL and EVCM?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.43 over the last year and n/a over 5 years.
Is EVCM a good diversifier for AXIL?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/axil-vs-evcm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axil-vs-evcm/)
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Related comparisons
Hubs: AXIL correlations · EVCM correlations
