ASLE vs VTEX: Correlation
Measured on weekly returns over the past three years, AerSale Corporation (ASLE) and VTEX Class A (VTEX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and VTEX?
Over the past 3 years, ASLE and VTEX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.16) runs above the 3-year figure (-0.27). Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is -582.9 %².
VTEX is close to the least connected end of ASLE's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months VTEX outperformed by 23.2 percentage points (-35.6% for ASLE against -12.4% for VTEX).
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.
ASLE vs VTEX: side by side
| ASLE (AerSale Corporation) | VTEX (VTEX Class A) | |
|---|---|---|
| 1-year return | -35.6% | -12.4% |
| 5-year return | -57.7% | -86.1% |
| Volatility (ann.) | 48.5% | 44.3% |
| Beta vs S&P 500 | 0.91 | 0.67 |
| Max drawdown (3Y) | -72.2% | -69.5% |
| Market cap | $0.3B | $0.6B |
| P/E (trailing) | – | 22.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | VTEX |
|---|---|---|
| 2022 | -8.6% | -65.0% |
| 2023 | -21.7% | +83.5% |
| 2024 | -50.4% | -14.4% |
| 2025 | +12.9% | -36.2% |
| 2026 | -20.5% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and VTEX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASLE and VTEX?
The ASLE/VTEX correlation stands at -0.27 on a 3-year window (1 year: 0.16, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is VTEX a good diversifier for ASLE?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/asle-vs-vtex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asle-vs-vtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASLE correlations · VTEX correlations
