AVPT vs VTEX: Correlation
AvePoint, Inc. (AVPT) and VTEX Class A (VTEX) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and VTEX?
Across a 3-year window, the weekly returns of AVPT and VTEX correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 793.9 %².
Within AVPT's tracked universe of 25 assets, VTEX comes in at #18 by 3-year correlation. Twelve-month performance is nearly a tie, at -9.5% for AVPT and -12.4% for VTEX.
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 VTEX: side by side
| AVPT (AvePoint, Inc.) | VTEX (VTEX Class A) | |
|---|---|---|
| 1-year return | -9.5% | -12.4% |
| 5-year return | +57.7% | -86.1% |
| Volatility (ann.) | 41.3% | 44.3% |
| Beta vs S&P 500 | 1.18 | 0.67 |
| Max drawdown (3Y) | -55.0% | -69.5% |
| Market cap | $3.0B | $0.6B |
| P/E (trailing) | 42.1 | 22.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | VTEX |
|---|---|---|
| 2022 | -34.7% | -65.0% |
| 2023 | +99.8% | +83.5% |
| 2024 | +101.1% | -14.4% |
| 2025 | -15.9% | -36.2% |
| 2026 | +3.0% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and VTEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVPT and VTEX?
As of 2026-08-27, the correlation of weekly returns between AVPT and VTEX is 0.43 over 3 years, 0.42 over 1 year and 0.40 over 5 years.
Is VTEX a good diversifier for AVPT?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-vtex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avpt-vs-vtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVPT correlations · VTEX correlations
