AVPT vs VERX: Correlation
How closely do AvePoint, Inc. (AVPT) and Vertex, Inc. (VERX) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and VERX?
Across a 3-year window, the weekly returns of AVPT and VERX correlate at 0.61, strong. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.61 over 3 years. Stretching to 5 years gives 0.48, with an annualized covariance of 1342.5 %².
VERX is one of the assets that tracks AVPT most closely: it ranks #2 out of the 25 assets we track against AVPT. The last year tells two different stories: AVPT led by 33.9 percentage points, -9.5% for AVPT against -43.4% for VERX.
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 VERX: side by side
| AVPT (AvePoint, Inc.) | VERX (Vertex, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | -43.4% |
| 5-year return | +57.7% | -33.8% |
| Volatility (ann.) | 41.3% | 53.5% |
| Beta vs S&P 500 | 1.18 | 0.99 |
| Max drawdown (3Y) | -55.0% | -82.1% |
| Market cap | $3.0B | $2.3B |
| P/E (trailing) | 42.1 | 715.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | VERX |
|---|---|---|
| 2022 | -34.7% | -8.6% |
| 2023 | +99.8% | +85.7% |
| 2024 | +101.1% | +98.0% |
| 2025 | -15.9% | -62.6% |
| 2026 | +3.0% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and VERX good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVPT and VERX?
The AVPT/VERX correlation stands at 0.61 on a 3-year window (1 year: 0.77, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is VERX a good diversifier for AVPT?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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.
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Related comparisons
Hubs: AVPT correlations · VERX correlations
