ACVA vs AVPT: Correlation
Measured on weekly returns over the past three years, ACV Auctions Inc. (ACVA) and AvePoint, Inc. (AVPT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and AVPT?
Over the past 3 years, ACVA and AVPT moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1141.1 %².
Few assets follow ACVA as closely as AVPT, which ranks #2 of 14 tracked partners. The last year tells two different stories: AVPT led by 27.8 percentage points, -37.3% for ACVA against -9.5% for AVPT.
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.
ACVA vs AVPT: side by side
| ACVA (ACV Auctions Inc.) | AVPT (AvePoint, Inc.) | |
|---|---|---|
| 1-year return | -37.3% | -9.5% |
| 5-year return | -64.2% | +57.7% |
| Volatility (ann.) | 57.0% | 41.3% |
| Beta vs S&P 500 | 1.76 | 1.18 |
| Max drawdown (3Y) | -82.1% | -55.0% |
| Market cap | $1.2B | $3.0B |
| P/E (trailing) | – | 42.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACVA | AVPT |
|---|---|---|
| 2022 | -56.4% | -34.7% |
| 2023 | +84.5% | +99.8% |
| 2024 | +42.6% | +101.1% |
| 2025 | -62.9% | -15.9% |
| 2026 | -10.0% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and AVPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACVA and AVPT?
As of 2026-08-27, the correlation of weekly returns between ACVA and AVPT is 0.49 over 3 years, 0.57 over 1 year and 0.40 over 5 years.
Is AVPT a good diversifier for ACVA?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined 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/acva-vs-avpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acva-vs-avpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACVA correlations · AVPT correlations
