AVX vs RZLT: Correlation
Avax One Technology Ltd. (AVX) and Rezolute, Inc. (RZLT) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and RZLT?
On 3 years of weekly data the AVX/RZLT correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.30 over 3. The 5-year figure is 0.22, and annualized covariance runs at 3756.3 %².
By 3-year correlation, RZLT places #7 of the 12 assets tracked against AVX. Correlation aside, the last 12 months split them widely, with RZLT ahead by 57.3 points (-88.1% versus -30.8%).
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 RZLT: side by side
| AVX (Avax One Technology Ltd.) | RZLT (Rezolute, Inc.) | |
|---|---|---|
| 1-year return | -88.1% | -30.8% |
| 5-year return | -100.0% | -47.6% |
| Volatility (ann.) | 119.5% | 103.6% |
| Beta vs S&P 500 | 1.28 | 0.65 |
| Max drawdown (3Y) | -100.0% | -87.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVX | RZLT |
|---|---|---|
| 2022 | -45.7% | -56.7% |
| 2023 | -99.2% | -52.0% |
| 2024 | -95.0% | +393.5% |
| 2025 | -92.9% | -51.8% |
| 2026 | -80.7% | +111.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and RZLT good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVX and RZLT?
The AVX/RZLT correlation stands at 0.30 on a 3-year window (1 year: 0.27, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is RZLT a good diversifier for AVX?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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-rzlt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avx-vs-rzlt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVX correlations · RZLT correlations
