EVTC vs VXX: Correlation
How closely do Evertec, Inc. (EVTC) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTC and VXX?
Across a 3-year window, the weekly returns of EVTC and VXX correlate at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.33, with an annualized covariance of -551.2 %².
Out of 10 assets tracked against EVTC, VXX lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months EVTC outperformed by 31.0 percentage points (-18.7% for EVTC against -49.7% for VXX). Risk is not evenly split, since VXX carries 1.9 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.
EVTC vs VXX: side by side
| EVTC (Evertec, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.7% | -49.7% |
| 5-year return | -34.3% | -95.6% |
| Volatility (ann.) | 31.3% | 60.9% |
| Beta vs S&P 500 | 0.68 | -3.31 |
| Max drawdown (3Y) | -46.4% | -83.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVTC | VXX |
|---|---|---|
| 2022 | -34.9% | -23.8% |
| 2023 | +27.1% | -72.5% |
| 2024 | -15.2% | -26.2% |
| 2025 | -15.4% | -42.2% |
| 2026 | +1.9% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTC and VXX good diversifiers for each other?
Yes. With a correlation of -0.29, EVTC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EVTC and VXX?
The EVTC/VXX correlation stands at -0.29 on a 3-year window (1 year: -0.20, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for EVTC?
Yes. With a correlation of -0.29, EVTC and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/evtc-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evtc-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVTC correlations · VXX correlations
