AMPX vs ENVX: Correlation
How closely do Amprius Technologies, Inc. (AMPX) and Enovix Corporation (ENVX) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPX and ENVX?
Over the past 3 years, AMPX and ENVX moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 4178.1 %².
ENVX is one of the assets that tracks AMPX most closely: it ranks #1 out of the 15 assets we track against AMPX. Their recent paths diverged sharply: over the last 12 months AMPX outperformed by 109.9 percentage points (+44.0% for AMPX against -65.9% for ENVX).
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.
AMPX vs ENVX: side by side
| AMPX (Amprius Technologies, Inc.) | ENVX (Enovix Corporation) | |
|---|---|---|
| 1-year return | +44.0% | -65.9% |
| 5-year return | n/a | -76.8% |
| Volatility (ann.) | 111.6% | 88.0% |
| Beta vs S&P 500 | 2.16 | 2.61 |
| Max drawdown (3Y) | -87.3% | -82.9% |
| Market cap | $1.5B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPX | ENVX |
|---|---|---|
| 2022 | – | -54.4% |
| 2023 | -33.3% | +0.6% |
| 2024 | -47.1% | -13.2% |
| 2025 | +181.8% | -32.8% |
| 2026 | +33.2% | -50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPX and ENVX good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMPX and ENVX?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.51 over the last year and 0.32 over 5 years.
Is ENVX a good diversifier for AMPX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/ampx-vs-envx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ampx-vs-envx/)
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Related comparisons
Hubs: AMPX correlations · ENVX correlations
