AVPT vs GDDY: Correlation
Measured on weekly returns over the past three years, AvePoint, Inc. (AVPT) and GoDaddy (GDDY) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and GDDY?
Over the past 3 years, AVPT and GDDY moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 655.6 %².
By 3-year correlation, GDDY places #11 of the 25 assets tracked against AVPT. Their recent paths diverged sharply: over the last 12 months AVPT outperformed by 24.9 percentage points (-9.5% for AVPT against -34.4% for GDDY).
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.
AVPT vs GDDY: side by side
| AVPT (AvePoint, Inc.) | GDDY (GoDaddy) | |
|---|---|---|
| 1-year return | -9.5% | -34.4% |
| 5-year return | +57.7% | +32.1% |
| Volatility (ann.) | 41.3% | 33.6% |
| Beta vs S&P 500 | 1.18 | 0.93 |
| Max drawdown (3Y) | -55.0% | -65.0% |
| Market cap | $3.0B | $12.3B |
| P/E (trailing) | 42.1 | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVPT | GDDY |
|---|---|---|
| 2022 | -34.7% | -11.8% |
| 2023 | +99.8% | +41.9% |
| 2024 | +101.1% | +85.9% |
| 2025 | -15.9% | -37.1% |
| 2026 | +3.0% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and GDDY good diversifiers for each other?
Reasonably. At 0.47, AVPT and GDDY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVPT and GDDY?
As of 2026-08-27, the correlation of weekly returns between AVPT and GDDY is 0.47 over 3 years, 0.37 over 1 year and 0.44 over 5 years.
Is GDDY a good diversifier for AVPT?
Reasonably. At 0.47, AVPT and GDDY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avpt-vs-gddy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avpt-vs-gddy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVPT correlations · GDDY correlations
