AVPT vs HUBS: Correlation
Measured on weekly returns over the past three years, AvePoint, Inc. (AVPT) and HubSpot, Inc. (HUBS) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and HUBS?
Over the past 3 years, AVPT and HUBS moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1198.0 %².
In AVPT's tracked universe of 25 assets, HUBS sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months AVPT outperformed by 36.0 percentage points (-9.5% for AVPT against -45.5% for HUBS).
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 HUBS: side by side
| AVPT (AvePoint, Inc.) | HUBS (HubSpot, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | -45.5% |
| 5-year return | +57.7% | -63.5% |
| Volatility (ann.) | 41.3% | 50.4% |
| Beta vs S&P 500 | 1.18 | 1.18 |
| Max drawdown (3Y) | -55.0% | -79.2% |
| Market cap | $3.0B | $13.1B |
| P/E (trailing) | 42.1 | 90.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | HUBS |
|---|---|---|
| 2022 | -34.7% | -56.1% |
| 2023 | +99.8% | +100.8% |
| 2024 | +101.1% | +20.0% |
| 2025 | -15.9% | -42.4% |
| 2026 | +3.0% | -36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and HUBS good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVPT and HUBS?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.62 over the last year and 0.53 over 5 years.
Is HUBS a good diversifier for AVPT?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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-hubs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avpt-vs-hubs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVPT correlations · HUBS correlations
