EVEX vs RKLB: Correlation
How closely do Eve Holding, Inc. (EVEX) and Rocket Lab Corporation (RKLB) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVEX and RKLB?
On 3 years of weekly data the EVEX/RKLB correlation comes out at 0.48, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.48). The 5-year figure is 0.31, and annualized covariance runs at 2472.6 %².
Among the 15 assets we track against EVEX, RKLB ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RKLB outperformed by 86.8 percentage points (-40.8% for EVEX against +46.0% for RKLB).
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.
EVEX vs RKLB: side by side
| EVEX (Eve Holding, Inc.) | RKLB (Rocket Lab Corporation) | |
|---|---|---|
| 1-year return | -40.8% | +46.0% |
| 5-year return | -72.4% | +573.3% |
| Volatility (ann.) | 60.7% | 85.6% |
| Beta vs S&P 500 | 1.73 | 2.58 |
| Max drawdown (3Y) | -75.8% | -61.0% |
| Market cap | $0.8B | $43.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVEX | RKLB |
|---|---|---|
| 2022 | – | -69.3% |
| 2023 | +1.7% | +46.7% |
| 2024 | -25.7% | +360.6% |
| 2025 | -26.7% | +173.9% |
| 2026 | -40.1% | -3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVEX and RKLB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVEX and RKLB?
The EVEX/RKLB correlation stands at 0.48 on a 3-year window (1 year: 0.67, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is RKLB a good diversifier for EVEX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evex-vs-rklb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evex-vs-rklb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVEX correlations · RKLB correlations
