EFSI vs VXX: Correlation
How closely do Eagle Financial Services Inc (EFSI) 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 -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFSI and VXX?
On 3 years of weekly data the EFSI/VXX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -263.1 %².
Out of 11 assets tracked against EFSI, VXX lands near the bottom at #10. The last year tells two different stories: EFSI led by 67.3 percentage points, +17.6% for EFSI against -49.7% for VXX. Risk is not evenly split, since VXX carries 3.0 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.
EFSI vs VXX: side by side
| EFSI (Eagle Financial Services Inc) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +17.6% | -49.7% |
| 5-year return | +46.3% | -95.6% |
| Volatility (ann.) | 20.3% | 60.9% |
| Beta vs S&P 500 | 0.30 | -3.31 |
| Max drawdown (3Y) | -21.2% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 2.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFSI | VXX |
|---|---|---|
| 2022 | +8.0% | -23.8% |
| 2023 | -13.4% | -72.5% |
| 2024 | +26.2% | -26.2% |
| 2025 | +13.4% | -42.2% |
| 2026 | +7.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFSI and VXX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EFSI and VXX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.29 over the last year and -0.15 over 5 years.
Is VXX a good diversifier for EFSI?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/efsi-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/efsi-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EFSI correlations · VXX correlations
