AUUD vs BLX: Correlation
Auddia Inc. (AUUD) and Bladex, Inc. (BLX) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUUD and BLX?
Across a 3-year window, the weekly returns of AUUD and BLX correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.11, with an annualized covariance of -634.4 %².
Among the 19 assets we track against AUUD, BLX ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BLX ahead by 119.1 points (-94.6% versus +24.5%). Note the risk asymmetry: AUUD runs 4.2 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.
AUUD vs BLX: side by side
| AUUD (Auddia Inc.) | BLX (Bladex, Inc.) | |
|---|---|---|
| 1-year return | -94.6% | +24.5% |
| 5-year return | -100.0% | +326.0% |
| Volatility (ann.) | 107.6% | 25.5% |
| Beta vs S&P 500 | -0.10 | 0.59 |
| Max drawdown (3Y) | -99.9% | -21.0% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | 9.0 |
| Dividend yield | 0.00% | 4.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUUD | BLX |
|---|---|---|
| 2022 | -46.1% | +4.3% |
| 2023 | -74.0% | +60.6% |
| 2024 | -91.8% | +53.7% |
| 2025 | -88.8% | +29.4% |
| 2026 | -86.7% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUUD and BLX good diversifiers for each other?
Yes. With a correlation of -0.23, AUUD and BLX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUUD and BLX?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.26 over the last year and -0.11 over 5 years.
Is BLX a good diversifier for AUUD?
Yes. With a correlation of -0.23, AUUD and BLX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/auud-vs-blx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auud-vs-blx/)
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Related comparisons
Hubs: AUUD correlations · BLX correlations
