ECVT vs VXX: Correlation
How closely do Ecovyst Inc. (ECVT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECVT and VXX?
On 3 years of weekly data the ECVT/VXX correlation comes out at -0.41, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.11) runs above the 3-year figure (-0.41). The 5-year figure is -0.39, and annualized covariance runs at -996.3 %².
VXX is close to the least connected end of ECVT's tracked universe, ranking #13 of 13. The last year tells two different stories: ECVT led by 61.2 percentage points, +11.5% for ECVT against -49.7% for VXX. Note the risk asymmetry: VXX runs 1.5 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.
ECVT vs VXX: side by side
| ECVT (Ecovyst Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +11.5% | -49.7% |
| 5-year return | -23.2% | -95.6% |
| Volatility (ann.) | 39.7% | 60.9% |
| Beta vs S&P 500 | 0.82 | -3.31 |
| Max drawdown (3Y) | -52.2% | -83.3% |
| Market cap | $1.1B | – |
| P/E (trailing) | 44.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECVT | VXX |
|---|---|---|
| 2022 | -13.5% | -23.8% |
| 2023 | +10.3% | -72.5% |
| 2024 | -21.8% | -26.2% |
| 2025 | +27.4% | -42.2% |
| 2026 | +4.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECVT and VXX good diversifiers for each other?
Yes. With a correlation of -0.41, ECVT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ECVT and VXX?
The ECVT/VXX correlation stands at -0.41 on a 3-year window (1 year: -0.11, 5 years: -0.39), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ECVT?
Yes. With a correlation of -0.41, ECVT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.41 mean?
A reading of -0.41 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/ecvt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecvt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECVT correlations · VXX correlations
