EVEX vs VEEA: Correlation
How closely do Eve Holding, Inc. (EVEX) and Veea Inc. (VEEA) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVEX and VEEA?
Across a 3-year window, the weekly returns of EVEX and VEEA correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 1787.4 %².
Among the 15 assets we track against EVEX, VEEA ranks #10 by 3-year correlation. The last year tells two different stories: EVEX led by 42.6 percentage points, -40.8% for EVEX against -83.4% for VEEA.
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 VEEA: side by side
| EVEX (Eve Holding, Inc.) | VEEA (Veea Inc.) | |
|---|---|---|
| 1-year return | -40.8% | -83.4% |
| 5-year return | -72.4% | -99.0% |
| Volatility (ann.) | 60.7% | 89.4% |
| Beta vs S&P 500 | 1.73 | 1.23 |
| Max drawdown (3Y) | -75.8% | -99.2% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVEX | VEEA |
|---|---|---|
| 2022 | – | +3.6% |
| 2023 | +1.7% | +7.6% |
| 2024 | -25.7% | -64.9% |
| 2025 | -26.7% | -83.3% |
| 2026 | -40.1% | -84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVEX and VEEA good diversifiers for each other?
Reasonably. At 0.33, EVEX and VEEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVEX and VEEA?
As of 2026-08-27, the correlation of weekly returns between EVEX and VEEA is 0.33 over 3 years, 0.31 over 1 year and 0.24 over 5 years.
Is VEEA a good diversifier for EVEX?
Reasonably. At 0.33, EVEX and VEEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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.
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Related comparisons
Hubs: EVEX correlations · VEEA correlations
