AVX vs RCKT: Correlation
How closely do Avax One Technology Ltd. (AVX) and Rocket Pharmaceuticals, Inc. (RCKT) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and RCKT?
On 3 years of weekly data the AVX/RCKT correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.36). The 5-year figure is 0.29, and annualized covariance runs at 3397.8 %².
By 3-year correlation, RCKT places #5 of the 12 assets tracked against AVX. The last year tells two different stories: RCKT led by 97.1 percentage points, -88.1% for AVX against +9.0% for RCKT. Risk is not evenly split, since AVX carries 1.5 times the volatility of the other side.
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 RCKT: side by side
| AVX (Avax One Technology Ltd.) | RCKT (Rocket Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -88.1% | +9.0% |
| 5-year return | -100.0% | -89.2% |
| Volatility (ann.) | 119.5% | 78.7% |
| Beta vs S&P 500 | 1.28 | 1.78 |
| Max drawdown (3Y) | -100.0% | -92.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVX | RCKT |
|---|---|---|
| 2022 | -45.7% | -10.4% |
| 2023 | -99.2% | +53.1% |
| 2024 | -95.0% | -58.1% |
| 2025 | -92.9% | -72.1% |
| 2026 | -80.7% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and RCKT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVX and RCKT?
The AVX/RCKT correlation stands at 0.36 on a 3-year window (1 year: 0.48, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is RCKT a good diversifier for AVX?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/avx-vs-rckt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avx-vs-rckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVX correlations · RCKT correlations
