EIC vs VXX: Correlation
How closely do Eagle Point Income Company (EIC) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIC and VXX?
Over the past 3 years, EIC and VXX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.61 versus -0.26 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -278.2 %².
Among the 12 assets we track against EIC, VXX sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months EIC outperformed by 30.1 percentage points (-19.6% for EIC against -49.7% for VXX). One caveat on sizing: VXX is 3.5 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.
EIC vs VXX: side by side
| EIC (Eagle Point Income Company) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -19.6% | -49.7% |
| 5-year return | +6.9% | -95.6% |
| Volatility (ann.) | 17.5% | 60.9% |
| Beta vs S&P 500 | 0.36 | -3.31 |
| Max drawdown (3Y) | -34.1% | -83.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 14.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIC | VXX |
|---|---|---|
| 2022 | -10.5% | -23.8% |
| 2023 | +20.9% | -72.5% |
| 2024 | +24.0% | -26.2% |
| 2025 | -15.3% | -42.2% |
| 2026 | -7.3% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIC and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between EIC and VXX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.61 over the last year and -0.14 over 5 years.
Is VXX a good diversifier for EIC?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/eic-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eic-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EIC correlations · VXX correlations
