AGPU vs VATE: Correlation
Measured on weekly returns over the past three years, Axe Compute Inc. (AGPU) and INNOVATE Corp. (VATE) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGPU and VATE?
Across a 3-year window, the weekly returns of AGPU and VATE correlate at 0.35, moderate. The past 12 months show a tighter link (0.46) than the 3-year average (0.35). Stretching to 5 years gives 0.32, with an annualized covariance of 6257.1 %².
By 3-year correlation, VATE places #5 of the 13 assets tracked against AGPU. The last year tells two different stories: VATE led by 70.2 percentage points, -24.4% for AGPU against +45.8% for VATE.
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.
AGPU vs VATE: side by side
| AGPU (Axe Compute Inc.) | VATE (INNOVATE Corp.) | |
|---|---|---|
| 1-year return | -24.4% | +45.8% |
| 5-year return | -96.8% | -79.2% |
| Volatility (ann.) | 146.2% | 122.7% |
| Beta vs S&P 500 | 1.75 | 2.14 |
| Max drawdown (3Y) | -97.9% | -81.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGPU | VATE |
|---|---|---|
| 2022 | -67.8% | -49.5% |
| 2023 | -46.4% | -34.2% |
| 2024 | -75.1% | -59.8% |
| 2025 | -41.9% | -8.5% |
| 2026 | +44.9% | +71.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGPU and VATE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGPU and VATE?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.46 over the last year and 0.32 over 5 years.
Is VATE a good diversifier for AGPU?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agpu-vs-vate.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agpu-vs-vate/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGPU correlations · VATE correlations
