EVR vs VXX: Correlation
Evercore Inc. (EVR) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVR and VXX?
Over the past 3 years, EVR and VXX moved with a correlation of -0.62, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.49) runs above the 3-year figure (-0.62). Over 5 years the correlation is -0.59, and the annualized covariance of weekly returns is -1355.7 %².
VXX is close to the least connected end of EVR's tracked universe, ranking #21 of 22. Correlation aside, the last 12 months split them widely, with EVR ahead by 40.7 points (-9.0% versus -49.7%). Note the risk asymmetry: VXX runs 1.7 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.
EVR vs VXX: side by side
| EVR (Evercore Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.0% | -49.7% |
| 5-year return | +125.5% | -95.6% |
| Volatility (ann.) | 35.8% | 60.9% |
| Beta vs S&P 500 | 1.64 | -3.31 |
| Max drawdown (3Y) | -47.9% | -83.3% |
| Market cap | $11.2B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVR | VXX |
|---|---|---|
| 2022 | -17.6% | -23.8% |
| 2023 | +60.6% | -72.5% |
| 2024 | +64.3% | -26.2% |
| 2025 | +24.3% | -42.2% |
| 2026 | -13.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVR and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVR and VXX?
As of 2026-08-27, the correlation of weekly returns between EVR and VXX is -0.62 over 3 years, -0.49 over 1 year and -0.59 over 5 years.
Is VXX a good diversifier for EVR?
By historical standards, yes. A correlation of -0.62 means the two rarely move for the same reasons.
What does a correlation of -0.62 mean?
On the −1 to +1 scale, -0.62 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/evr-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evr-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVR correlations · VXX correlations
