EVR vs VXZ: Correlation
How closely do Evercore Inc. (EVR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.62, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVR and VXZ?
Over the past 3 years, EVR and VXZ moved with a correlation of -0.62, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.51) than the 3-year average (-0.62). Over 5 years the correlation is -0.61, and the annualized covariance of weekly returns is -564.6 %².
VXZ is close to the least connected end of EVR's tracked universe, ranking #22 of 22. The trailing year gives EVR the advantage: -9.0% versus -16.1%, a 7.1-point spread.
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 VXZ: side by side
| EVR (Evercore Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -9.0% | -16.1% |
| 5-year return | +125.5% | -53.1% |
| Volatility (ann.) | 35.8% | 25.6% |
| Beta vs S&P 500 | 1.64 | -1.31 |
| Max drawdown (3Y) | -47.9% | -36.4% |
| Market cap | $11.2B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 1.19% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVR | VXZ |
|---|---|---|
| 2022 | -17.6% | +0.5% |
| 2023 | +60.6% | -44.0% |
| 2024 | +64.3% | -12.7% |
| 2025 | +24.3% | +5.7% |
| 2026 | -13.7% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVR and VXZ good diversifiers for each other?
Yes: at -0.62, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EVR and VXZ?
As of 2026-08-27, the correlation of weekly returns between EVR and VXZ is -0.62 over 3 years, -0.51 over 1 year and -0.61 over 5 years.
Is VXZ a good diversifier for EVR?
Yes: at -0.62, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.62 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/evr-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVR correlations · VXZ correlations
