EVEX vs VUZI: Correlation
How closely do Eve Holding, Inc. (EVEX) and Vuzix Corporation (VUZI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVEX and VUZI?
On 3 years of weekly data the EVEX/VUZI correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.46 over 3. The 5-year figure is 0.37, and annualized covariance runs at 3052.0 %².
Within EVEX's tracked universe of 15 assets, VUZI comes in at #5 by 3-year correlation. The last year tells two different stories: VUZI led by 66.8 percentage points, -40.8% for EVEX against +26.0% for VUZI. Risk is not evenly split, since VUZI carries 1.8 times the volatility of the other side.
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 VUZI: side by side
| EVEX (Eve Holding, Inc.) | VUZI (Vuzix Corporation) | |
|---|---|---|
| 1-year return | -40.8% | +26.0% |
| 5-year return | -72.4% | -79.1% |
| Volatility (ann.) | 60.7% | 108.2% |
| Beta vs S&P 500 | 1.73 | 2.21 |
| Max drawdown (3Y) | -75.8% | -79.6% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVEX | VUZI |
|---|---|---|
| 2022 | – | -58.0% |
| 2023 | +1.7% | -42.6% |
| 2024 | -25.7% | +88.5% |
| 2025 | -26.7% | -4.1% |
| 2026 | -40.1% | -30.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVEX and VUZI good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EVEX and VUZI?
As of 2026-08-27, the correlation of weekly returns between EVEX and VUZI is 0.46 over 3 years, 0.40 over 1 year and 0.37 over 5 years.
Is VUZI a good diversifier for EVEX?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: EVEX correlations · VUZI correlations
