AVPT vs RDVT: Correlation
How closely do AvePoint, Inc. (AVPT) and Red Violet, Inc. (RDVT) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and RDVT?
Over the past 3 years, AVPT and RDVT moved with a correlation of 0.47, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.47). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 883.0 %².
By 3-year correlation, RDVT places #12 of the 25 assets tracked against AVPT. The last year tells two different stories: RDVT led by 55.6 percentage points, -9.5% for AVPT against +46.1% for RDVT.
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 RDVT: side by side
| AVPT (AvePoint, Inc.) | RDVT (Red Violet, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | +46.1% |
| 5-year return | +57.7% | +153.0% |
| Volatility (ann.) | 41.3% | 45.1% |
| Beta vs S&P 500 | 1.18 | 1.12 |
| Max drawdown (3Y) | -55.0% | -42.1% |
| Market cap | $3.0B | $1.2B |
| P/E (trailing) | 42.1 | 63.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | RDVT |
|---|---|---|
| 2022 | -34.7% | -42.0% |
| 2023 | +99.8% | -13.2% |
| 2024 | +101.1% | +81.3% |
| 2025 | -15.9% | +58.6% |
| 2026 | +3.0% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and RDVT good diversifiers for each other?
Reasonably. At 0.47, AVPT and RDVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVPT and RDVT?
The AVPT/RDVT correlation stands at 0.47 on a 3-year window (1 year: 0.63, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is RDVT a good diversifier for AVPT?
Reasonably. At 0.47, AVPT and RDVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avpt-vs-rdvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avpt-vs-rdvt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVPT correlations · RDVT correlations
