ABAT vs EVTL: Correlation
How closely do American Battery Technology Company (ABAT) and Vertical Aerospace Ltd. (EVTL) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and EVTL?
Over the past 3 years, ABAT and EVTL moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 10292.6 %².
Among the 29 assets we track against ABAT, EVTL ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABAT outperformed by 87.2 percentage points (+2.1% for ABAT against -85.1% for EVTL).
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.
ABAT vs EVTL: side by side
| ABAT (American Battery Technology Company) | EVTL (Vertical Aerospace Ltd.) | |
|---|---|---|
| 1-year return | +2.1% | -85.1% |
| 5-year return | -88.8% | -99.2% |
| Volatility (ann.) | 153.9% | 135.6% |
| Beta vs S&P 500 | 2.08 | 3.07 |
| Max drawdown (3Y) | -93.2% | -95.9% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | EVTL |
|---|---|---|
| 2022 | -62.0% | -49.6% |
| 2023 | -23.2% | -79.7% |
| 2024 | -47.5% | +82.8% |
| 2025 | +35.8% | -57.6% |
| 2026 | -19.9% | -86.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and EVTL good diversifiers for each other?
Reasonably. At 0.49, ABAT and EVTL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABAT and EVTL?
The ABAT/EVTL correlation stands at 0.49 on a 3-year window (1 year: 0.40, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is EVTL a good diversifier for ABAT?
Reasonably. At 0.49, ABAT and EVTL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/abat-vs-evtl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abat-vs-evtl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABAT correlations · EVTL correlations
