AEVA vs III: Correlation
Aeva Technologies, Inc. (AEVA) and Information Services Group, Inc. (III) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEVA and III?
On 3 years of weekly data the AEVA/III correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 2291.4 %².
In AEVA's tracked universe of 14 assets, III sits right near the top at #3. Neither side won the trailing year by much: +3.9% against +5.6%. Note the risk asymmetry: AEVA runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AEVA vs III: side by side
| AEVA (Aeva Technologies, Inc.) | III (Information Services Group, Inc.) | |
|---|---|---|
| 1-year return | +3.9% | +5.6% |
| 5-year return | -66.2% | -14.6% |
| Volatility (ann.) | 127.6% | 38.4% |
| Beta vs S&P 500 | 2.96 | 0.99 |
| Max drawdown (3Y) | -75.7% | -41.5% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | – | 21.0 |
| Dividend yield | 0.00% | 3.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEVA | III |
|---|---|---|
| 2022 | -82.0% | -38.1% |
| 2023 | -44.3% | +6.2% |
| 2024 | +25.3% | -25.3% |
| 2025 | +179.6% | +79.8% |
| 2026 | +23.4% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEVA and III good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEVA and III?
As of 2026-08-27, the correlation of weekly returns between AEVA and III is 0.47 over 3 years, 0.51 over 1 year and 0.41 over 5 years.
Is III a good diversifier for AEVA?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: AEVA correlations · III correlations
