EFSC vs VXX: Correlation
Measured on weekly returns over the past three years, Enterprise Financial Services Corporation (EFSC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.44, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFSC and VXX?
On 3 years of weekly data the EFSC/VXX correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.27 versus -0.44 over 3 years. The 5-year figure is -0.42, and annualized covariance runs at -713.9 %².
Among the 23 assets we track against EFSC, VXX sits near the bottom by co-movement, at rank #22. Correlation aside, the last 12 months split them widely, with EFSC ahead by 55.0 points (+5.3% versus -49.7%). Risk is not evenly split, since VXX carries 2.3 times the volatility of the other side.
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.
EFSC vs VXX: side by side
| EFSC (Enterprise Financial Services Corporation) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +5.3% | -49.7% |
| 5-year return | +59.0% | -95.6% |
| Volatility (ann.) | 26.9% | 60.9% |
| Beta vs S&P 500 | 0.66 | -3.31 |
| Max drawdown (3Y) | -25.0% | -83.3% |
| Market cap | $2.3B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 2.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFSC | VXX |
|---|---|---|
| 2022 | +6.0% | -23.8% |
| 2023 | -6.6% | -72.5% |
| 2024 | +29.3% | -26.2% |
| 2025 | -2.1% | -42.2% |
| 2026 | +18.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFSC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
FAQ
What is the correlation between EFSC and VXX?
As of 2026-08-27, the correlation of weekly returns between EFSC and VXX is -0.44 over 3 years, -0.27 over 1 year and -0.42 over 5 years.
Is VXX a good diversifier for EFSC?
By historical standards, yes. A correlation of -0.44 means the two rarely move for the same reasons.
What does a correlation of -0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/efsc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/efsc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EFSC correlations · VXX correlations
