EVTC vs VXZ: Correlation
How closely do Evertec, Inc. (EVTC) 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 -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTC and VXZ?
Across a 3-year window, the weekly returns of EVTC and VXZ correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.35, with an annualized covariance of -244.4 %².
Out of 10 assets tracked against EVTC, VXZ lands near the bottom at #10. Neither side won the trailing year by much: -18.7% against -16.1%.
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 VXZ: side by side
| EVTC (Evertec, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -18.7% | -16.1% |
| 5-year return | -34.3% | -53.1% |
| Volatility (ann.) | 31.3% | 25.6% |
| Beta vs S&P 500 | 0.68 | -1.31 |
| Max drawdown (3Y) | -46.4% | -36.4% |
| Market cap | $1.8B | – |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 0.67% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVTC | VXZ |
|---|---|---|
| 2022 | -34.9% | +0.5% |
| 2023 | +27.1% | -44.0% |
| 2024 | -15.2% | -12.7% |
| 2025 | -15.4% | +5.7% |
| 2026 | +1.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTC and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVTC and VXZ?
As of 2026-08-27, the correlation of weekly returns between EVTC and VXZ is -0.30 over 3 years, -0.23 over 1 year and -0.35 over 5 years.
Is VXZ a good diversifier for EVTC?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/evtc-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evtc-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVTC correlations · VXZ correlations
