EVCM vs IIIV: Correlation
EverCommerce Inc. (EVCM) and i3 Verticals, Inc. (IIIV) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVCM and IIIV?
On 3 years of weekly data the EVCM/IIIV correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.44 over 3. The 5-year figure is 0.40, and annualized covariance runs at 800.9 %².
Within EVCM's tracked universe of 17 assets, IIIV comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EVCM outperformed by 29.1 percentage points (-18.1% for EVCM against -47.2% for IIIV).
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.
EVCM vs IIIV: side by side
| EVCM (EverCommerce Inc.) | IIIV (i3 Verticals, Inc.) | |
|---|---|---|
| 1-year return | -18.1% | -47.2% |
| 5-year return | -55.5% | -43.7% |
| Volatility (ann.) | 47.9% | 37.8% |
| Beta vs S&P 500 | 0.95 | 0.59 |
| Max drawdown (3Y) | -35.0% | -51.7% |
| Market cap | $1.7B | $0.4B |
| P/E (trailing) | 58.4 | 58.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVCM | IIIV |
|---|---|---|
| 2022 | -52.8% | +6.8% |
| 2023 | +48.3% | -13.0% |
| 2024 | -0.2% | +8.8% |
| 2025 | +10.0% | +9.3% |
| 2026 | -22.9% | -35.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVCM and IIIV good diversifiers for each other?
Reasonably. At 0.44, EVCM and IIIV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVCM and IIIV?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.46 over the last year and 0.40 over 5 years.
Is IIIV a good diversifier for EVCM?
Reasonably. At 0.44, EVCM and IIIV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EVCM correlations · IIIV correlations
