AVX vs WETH: Correlation
How closely do Avax One Technology Ltd. (AVX) and Wetouch Technology Inc. (WETH) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and WETH?
Over the past 3 years, AVX and WETH moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2997.1 %².
Out of 12 assets tracked against AVX, WETH lands near the bottom at #12. The last year tells two different stories: WETH led by 105.4 percentage points, -88.1% for AVX against +17.3% for WETH.
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 WETH: side by side
| AVX (Avax One Technology Ltd.) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | -88.1% | +17.3% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 119.5% | 112.1% |
| Beta vs S&P 500 | 1.28 | 1.71 |
| Max drawdown (3Y) | -100.0% | -83.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | 1.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVX | WETH |
|---|---|---|
| 2022 | -45.7% | – |
| 2023 | -99.2% | – |
| 2024 | -95.0% | – |
| 2025 | -92.9% | -24.3% |
| 2026 | -80.7% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and WETH good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVX and WETH?
The AVX/WETH correlation stands at -0.23 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WETH a good diversifier for AVX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avx-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVX correlations · WETH correlations
