EVCM vs VXX: Correlation
How closely do EverCommerce Inc. (EVCM) 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 EVCM and VXX?
On 3 years of weekly data the EVCM/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.26). The 5-year figure is -0.28, and annualized covariance runs at -748.7 %².
Among the 17 assets we track against EVCM, VXX sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with EVCM ahead by 31.6 points (-18.1% versus -49.7%).
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 VXX: side by side
| EVCM (EverCommerce Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.1% | -49.7% |
| 5-year return | -55.5% | -95.6% |
| Volatility (ann.) | 47.9% | 60.9% |
| Beta vs S&P 500 | 0.95 | -3.31 |
| Max drawdown (3Y) | -35.0% | -83.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | 58.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVCM | VXX |
|---|---|---|
| 2022 | -52.8% | -23.8% |
| 2023 | +48.3% | -72.5% |
| 2024 | -0.2% | -26.2% |
| 2025 | +10.0% | -42.2% |
| 2026 | -22.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVCM 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 EVCM and VXX?
As of 2026-08-27, the correlation of weekly returns between EVCM and VXX is -0.26 over 3 years, -0.06 over 1 year and -0.28 over 5 years.
Is VXX a good diversifier for EVCM?
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/evcm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evcm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVCM correlations · VXX correlations
