EMBJ vs XP: Correlation
Embraer S.A. (EMBJ) and XP Inc. (XP) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBJ and XP?
Across a 3-year window, the weekly returns of EMBJ and XP correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.46). Stretching to 5 years gives 0.39, with an annualized covariance of 788.8 %².
By 3-year correlation, XP places #4 of the 10 assets tracked against EMBJ. The last year tells two different stories: EMBJ led by 29.8 percentage points, +35.6% for EMBJ against +5.8% for XP.
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.
EMBJ vs XP: side by side
| EMBJ (Embraer S.A.) | XP (XP Inc.) | |
|---|---|---|
| 1-year return | +35.6% | +5.8% |
| 5-year return | +327.0% | -58.9% |
| Volatility (ann.) | 41.9% | 41.0% |
| Beta vs S&P 500 | 0.91 | 1.18 |
| Max drawdown (3Y) | -32.6% | -56.6% |
| Market cap | $13.4B | $9.0B |
| P/E (trailing) | 30.5 | 9.0 |
| Dividend yield | 0.95% | 11.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMBJ | XP |
|---|---|---|
| 2022 | -38.4% | -46.6% |
| 2023 | +68.8% | +79.6% |
| 2024 | +98.8% | -52.2% |
| 2025 | +75.7% | +39.5% |
| 2026 | +17.6% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBJ and XP good diversifiers for each other?
Reasonably. At 0.46, EMBJ and XP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EMBJ and XP?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.59 over the last year and 0.39 over 5 years.
Is XP a good diversifier for EMBJ?
Reasonably. At 0.46, EMBJ and XP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/embj-vs-xp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/embj-vs-xp/)
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Related comparisons
Hubs: EMBJ correlations · XP correlations
