EVTL vs VXX: Correlation
How closely do Vertical Aerospace Ltd. (EVTL) 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 -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTL and VXX?
Across a 3-year window, the weekly returns of EVTL and VXX correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.26 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -2131.0 %².
Among the 13 assets we track against EVTL, VXX sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with VXX ahead by 35.4 points (-85.1% versus -49.7%). Risk is not evenly split, since EVTL carries 2.2 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.
EVTL vs VXX: side by side
| EVTL (Vertical Aerospace Ltd.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -85.1% | -49.7% |
| 5-year return | -99.2% | -95.6% |
| Volatility (ann.) | 135.6% | 60.9% |
| Beta vs S&P 500 | 3.07 | -3.31 |
| Max drawdown (3Y) | -95.9% | -83.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVTL | VXX |
|---|---|---|
| 2022 | -49.6% | -23.8% |
| 2023 | -79.7% | -72.5% |
| 2024 | +82.8% | -26.2% |
| 2025 | -57.6% | -42.2% |
| 2026 | -86.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTL and VXX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EVTL and VXX?
As of 2026-08-27, the correlation of weekly returns between EVTL and VXX is -0.26 over 3 years, -0.40 over 1 year and -0.17 over 5 years.
Is VXX a good diversifier for EVTL?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/evtl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evtl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVTL correlations · VXX correlations
