EVER vs VXZ: Correlation
Measured on weekly returns over the past three years, EverQuote, Inc. (EVER) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVER and VXZ?
On 3 years of weekly data the EVER/VXZ correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.15) runs above the 3-year figure (-0.34). The 5-year figure is -0.27, and annualized covariance runs at -525.4 %².
VXZ is close to the least connected end of EVER's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with EVER ahead by 20.9 points (+4.8% versus -16.1%). Note the risk asymmetry: EVER runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EVER vs VXZ: side by side
| EVER (EverQuote, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +4.8% | -16.1% |
| 5-year return | +31.1% | -53.1% |
| Volatility (ann.) | 60.8% | 25.6% |
| Beta vs S&P 500 | 1.22 | -1.31 |
| Max drawdown (3Y) | -52.0% | -36.4% |
| Market cap | $0.9B | – |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVER | VXZ |
|---|---|---|
| 2022 | -5.9% | +0.5% |
| 2023 | -17.0% | -44.0% |
| 2024 | +63.3% | -12.7% |
| 2025 | +35.1% | +5.7% |
| 2026 | -8.1% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVER and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVER and VXZ?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.15 over the last year and -0.27 over 5 years.
Is VXZ a good diversifier for EVER?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ever-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ever-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVER correlations · VXZ correlations
