AVX vs UPXI: Correlation
How closely do Avax One Technology Ltd. (AVX) and Upexi, Inc. (UPXI) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and UPXI?
Over the past 3 years, AVX and UPXI moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.41). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 17946.9 %².
Few assets follow AVX as closely as UPXI, which ranks #2 of 12 tracked partners. Neither side won the trailing year by much: -88.1% against -85.9%. One caveat on sizing: UPXI is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 UPXI: side by side
| AVX (Avax One Technology Ltd.) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | -88.1% | -85.9% |
| 5-year return | -100.0% | -98.9% |
| Volatility (ann.) | 119.5% | 364.4% |
| Beta vs S&P 500 | 1.28 | 5.11 |
| Max drawdown (3Y) | -100.0% | -98.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | 2.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVX | UPXI |
|---|---|---|
| 2022 | -45.7% | -25.4% |
| 2023 | -99.2% | -61.3% |
| 2024 | -95.0% | -84.9% |
| 2025 | -92.9% | -52.1% |
| 2026 | -80.7% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and UPXI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVX and UPXI?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.27 over the last year and 0.33 over 5 years.
Is UPXI a good diversifier for AVX?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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: AVX correlations · UPXI correlations
