AVX vs LAC: Correlation
Avax One Technology Ltd. (AVX) and Lithium Americas Corp. (LAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and LAC?
Over the past 3 years, AVX and LAC moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4267.8 %².
In AVX's tracked universe of 12 assets, LAC sits right near the top at #3. The last year tells two different stories: LAC led by 94.5 percentage points, -88.1% for AVX against +6.4% for LAC.
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.
AVX vs LAC: side by side
| AVX (Avax One Technology Ltd.) | LAC (Lithium Americas Corp.) | |
|---|---|---|
| 1-year return | -88.1% | +6.4% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 119.5% | 93.5% |
| Beta vs S&P 500 | 1.28 | 1.37 |
| Max drawdown (3Y) | -100.0% | -81.8% |
| Market cap | – | $1.2B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVX | LAC |
|---|---|---|
| 2022 | -45.7% | – |
| 2023 | -99.2% | – |
| 2024 | -95.0% | -53.6% |
| 2025 | -92.9% | +46.8% |
| 2026 | -80.7% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and LAC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVX and LAC?
As of 2026-08-27, the correlation of weekly returns between AVX and LAC is 0.40 over 3 years, 0.63 over 1 year and n/a over 5 years.
Is LAC a good diversifier for AVX?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/avx-vs-lac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avx-vs-lac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVX correlations · LAC correlations
