AVAV vs SURG: Correlation
AeroVironment, Inc. (AVAV) and SurgePays, Inc. (SURG) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVAV and SURG?
Over the past 3 years, AVAV and SURG moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.40 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 2732.1 %².
Within AVAV's tracked universe of 13 assets, SURG comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVAV ahead by 54.6 points (-38.5% versus -93.1%).
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.
AVAV vs SURG: side by side
| AVAV (AeroVironment, Inc.) | SURG (SurgePays, Inc.) | |
|---|---|---|
| 1-year return | -38.5% | -93.1% |
| 5-year return | +48.2% | -96.6% |
| Volatility (ann.) | 73.1% | 93.9% |
| Beta vs S&P 500 | 1.82 | 1.13 |
| Max drawdown (3Y) | -66.6% | -98.1% |
| Market cap | $7.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVAV | SURG |
|---|---|---|
| 2022 | +38.1% | +224.8% |
| 2023 | +47.1% | -1.7% |
| 2024 | +22.1% | -72.4% |
| 2025 | +57.2% | -6.2% |
| 2026 | -37.0% | -89.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVAV and SURG good diversifiers for each other?
Reasonably. At 0.40, AVAV and SURG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVAV and SURG?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.71 over the last year and 0.30 over 5 years.
Is SURG a good diversifier for AVAV?
Reasonably. At 0.40, AVAV and SURG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/avav-vs-surg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avav-vs-surg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVAV correlations · SURG correlations
