AVO vs FUBO: Correlation
How closely do Mission Produce, Inc. (AVO) and FuboTV Inc. (FUBO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVO and FUBO?
On 3 years of weekly data the AVO/FUBO correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.21 over 3 years. The 5-year figure is -0.08, and annualized covariance runs at -1255.9 %².
Among the 10 assets we track against AVO, FUBO sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months AVO outperformed by 75.6 percentage points (+0.3% for AVO against -75.3% for FUBO). One caveat on sizing: FUBO is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AVO vs FUBO: side by side
| AVO (Mission Produce, Inc.) | FUBO (FuboTV Inc.) | |
|---|---|---|
| 1-year return | +0.3% | -75.3% |
| 5-year return | -38.9% | -96.9% |
| Volatility (ann.) | 37.0% | 164.3% |
| Beta vs S&P 500 | 0.40 | 0.34 |
| Max drawdown (3Y) | -34.1% | -87.7% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | 40.4 | 2.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVO | FUBO |
|---|---|---|
| 2022 | -26.0% | -88.8% |
| 2023 | -13.2% | +82.8% |
| 2024 | +42.4% | -60.4% |
| 2025 | -19.3% | +100.0% |
| 2026 | +7.9% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVO and FUBO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVO and FUBO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.04 over the last year and -0.08 over 5 years.
Is FUBO a good diversifier for AVO?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: AVO correlations · FUBO correlations
