ECC vs VXX: Correlation
Eagle Point Credit Company Common Share of Beneficial (ECC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECC and VXX?
On 3 years of weekly data the ECC/VXX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.33, and annualized covariance runs at -508.7 %².
Out of 12 assets tracked against ECC, VXX lands near the bottom at #11. The last year tells two different stories: ECC led by 18.0 percentage points, -31.7% for ECC against -49.7% for VXX. One caveat on sizing: VXX is 2.3 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.
ECC vs VXX: side by side
| ECC (Eagle Point Credit Company Common Share of Beneficial) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -31.7% | -49.7% |
| 5-year return | -22.4% | -95.6% |
| Volatility (ann.) | 26.2% | 60.9% |
| Beta vs S&P 500 | 0.62 | -3.31 |
| Max drawdown (3Y) | -49.4% | -83.3% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 37.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECC | VXX |
|---|---|---|
| 2022 | -11.7% | -23.8% |
| 2023 | +12.1% | -72.5% |
| 2024 | +13.4% | -26.2% |
| 2025 | -18.4% | -42.2% |
| 2026 | -21.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ECC and VXX?
As of 2026-08-27, the correlation of weekly returns between ECC and VXX is -0.32 over 3 years, -0.32 over 1 year and -0.33 over 5 years.
Is VXX a good diversifier for ECC?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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/ecc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECC correlations · VXX correlations
