ECPG vs VXX: Correlation
Encore Capital Group Inc (ECPG) 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 -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECPG and VXX?
Over the past 3 years, ECPG and VXX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.39 over 3 years. Over 5 years the correlation is -0.36, and the annualized covariance of weekly returns is -838.6 %².
Out of 16 assets tracked against ECPG, VXX lands near the bottom at #15. The last year tells two different stories: ECPG led by 194.0 percentage points, +144.3% for ECPG against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ECPG vs VXX: side by side
| ECPG (Encore Capital Group Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +144.3% | -49.7% |
| 5-year return | +114.1% | -95.6% |
| Volatility (ann.) | 35.6% | 60.9% |
| Beta vs S&P 500 | 0.85 | -3.31 |
| Max drawdown (3Y) | -49.2% | -83.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECPG | VXX |
|---|---|---|
| 2022 | -22.8% | -23.8% |
| 2023 | +5.9% | -72.5% |
| 2024 | -5.9% | -26.2% |
| 2025 | +13.8% | -42.2% |
| 2026 | +87.6% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between ECPG and VXX?
The ECPG/VXX correlation stands at -0.39 on a 3-year window (1 year: -0.08, 5 years: -0.36), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ECPG?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
A reading of -0.39 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/ecpg-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecpg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECPG correlations · VXX correlations
