AVPT vs. ERO

Last updated Jun 9, 2026

AVPT (AvePoint, Inc.) and ERO (Ero Copper Corp) are both stocks. AVPT operates in Software - Infrastructure (Technology), while ERO operates in Copper (Basic Materials). Over the past 3 years, AVPT returned 17.94%/yr vs 13.95%/yr for ERO. At a 0.20 correlation, their price movements are largely independent.

Performance

AVPT vs. ERO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AvePoint, Inc. (AVPT) and Ero Copper Corp (ERO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVPT achieves a -23.11% return, which is significantly lower than ERO's -4.91% return.

AVPT

• 1D: -0.56%
• 1M: -6.32%
• YTD: -23.11%
• 6M: -20.89%
• 1Y: -45.40%
• 3Y*: 17.94%
• 5Y*: —
• 10Y*: —

ERO

• 1D: 4.34%
• 1M: -5.55%
• YTD: -4.91%
• 6M: 10.52%
• 1Y: 70.36%
• 3Y*: 13.95%
• 5Y*: 3.08%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVPT vs. ERO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVPT AvePoint, Inc.	-23.11%	-15.87%	101.10%	99.76%	-34.66%	-47.36%
ERO Ero Copper Corp	-4.91%	109.87%	-14.63%	14.84%	-10.07%	-25.92%

Correlation

The correlation between AVPT and ERO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 6, 2021	0.20

The correlation between AVPT and ERO shifts across timeframes, from 0.07 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AVPT : $2.41B ERO : $2.83B
EPS AVPT : $0.20 ERO : $2.80
PE Ratio AVPT : 52.67 ERO : 9.62
PEG Ratio AVPT : 0.35 ERO : 0.10
PS Ratio AVPT : 5.53 ERO : 3.04
PB Ratio AVPT : 5.50 ERO : 2.56
Total Revenue (TTM) AVPT : $443.68M ERO : $925.20M
Gross Profit (TTM) AVPT : $326.90M ERO : $394.67M
EBITDA (TTM) AVPT : $53.29M ERO : $528.87M

Return for Risk

AVPT vs. ERO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVPT

AVPT Risk / Return Rank: 8
AVPT Sharpe Ratio Rank: 5
AVPT Sortino Ratio Rank: 7
AVPT Omega Ratio Rank: 7
AVPT Calmar Ratio Rank: 9
AVPT Martin Ratio Rank: 11

ERO

ERO Risk / Return Rank: 73
ERO Sharpe Ratio Rank: 78
ERO Sortino Ratio Rank: 71
ERO Omega Ratio Rank: 71
ERO Calmar Ratio Rank: 74
ERO Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVPT vs. ERO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AvePoint, Inc. (AVPT) and Ero Copper Corp (ERO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AVPT	ERO	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	1.24	-2.24
Sortino ratio: Return per unit of downside risk	-1.35	1.73	-3.08
Omega ratio: Gain probability vs. loss probability	0.82	1.23	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.84	1.86	-2.71
Martin ratio: Return relative to average drawdown	-1.33	4.06	-5.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVPT vs. ERO - Sharpe Ratio Comparison

The current AVPT Sharpe Ratio is -1.00, which is lower than the ERO Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of AVPT and ERO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVPT	ERO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.00	1.24	-2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.49	-0.54

Drawdowns

AVPT vs. ERO - Drawdown Comparison

The maximum AVPT drawdown since its inception was -69.96%, roughly equal to the maximum ERO drawdown of -67.17%. Use the drawdown chart below to compare losses from any high point for AVPT and ERO.

Drawdown Indicators

	AVPT	ERO	Difference
Max Drawdown Largest peak-to-trough decline	-69.96%	-67.17%	-2.79%
Max Drawdown (1Y) Largest decline over 1 year	-53.92%	-37.97%	-15.95%
Max Drawdown (3Y) Largest decline over 3 years	-55.03%	-59.84%	+4.81%
Max Drawdown (5Y) Largest decline over 5 years	—	-64.56%	—
Current Drawdown Current decline from peak	-46.57%	-29.27%	-17.30%
Average Drawdown Average peak-to-trough decline	-36.08%	-27.05%	-9.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.21%	17.39%	+16.82%

Volatility

AVPT vs. ERO - Volatility Comparison

The current volatility for AvePoint, Inc. (AVPT) is 18.98%, while Ero Copper Corp (ERO) has a volatility of 26.90%. This indicates that AVPT experiences smaller price fluctuations and is considered to be less risky than ERO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVPT	ERO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.98%	26.90%	-7.92%
Volatility (6M) Calculated over the trailing 6-month period	31.97%	46.52%	-14.55%
Volatility (1Y) Calculated over the trailing 1-year period	45.46%	57.35%	-11.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.88%	54.87%	-7.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.88%	59.35%	-12.47%

Dividends

AVPT vs. ERO - Dividend Comparison

Neither AVPT nor ERO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

AVPT vs. ERO - Profitability Comparison

The chart below illustrates the profitability comparison between AvePoint, Inc. and Ero Copper Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVPT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvePoint, Inc. reported a gross profit of 85.37M and revenue of 117.24M. Therefore, the gross margin over that period was 72.8%.

ERO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported a gross profit of 103.33M and revenue of 259.52M. Therefore, the gross margin over that period was 39.8%.

AVPT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvePoint, Inc. reported an operating income of 12.73M and revenue of 117.24M, resulting in an operating margin of 10.9%.

ERO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported an operating income of 90.17M and revenue of 259.52M, resulting in an operating margin of 34.7%.

AVPT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvePoint, Inc. reported a net income of 15.25M and revenue of 117.24M, resulting in a net margin of 13.0%.

ERO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported a net income of 107.26M and revenue of 259.52M, resulting in a net margin of 41.3%.

Frequently Asked Questions

Can I hold both AVPT and ERO in my portfolio?

AVPT and ERO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVPT or ERO?

ERO has higher volatility (26.90%) compared to AVPT (18.98%). In terms of maximum drawdown, AVPT dropped -69.96% vs ERO's -67.17%.

Which has better risk-adjusted returns?

ERO currently has the higher Sharpe Ratio (1.24 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.