ABR vs ASBP: Correlation
Arbor Realty Trust (ABR) and Aspire Biopharma Holdings, Inc. (ASBP) show a negative 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 ABR and ASBP?
Across a 3-year window, the weekly returns of ABR and ASBP correlate at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.30). Stretching to 5 years gives -0.24, with an annualized covariance of -18582.3 %².
ASBP is close to the least connected end of ABR's tracked universe, ranking #11 of 12. The trailing year gives ABR the advantage: -51.5% versus -61.3%, a 9.8-point spread. Risk is not evenly split, since ASBP carries 47.2 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.
ABR vs ASBP: side by side
| ABR (Arbor Realty Trust) | ASBP (Aspire Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | -51.5% | -61.3% |
| 5-year return | -50.7% | -97.9% |
| Volatility (ann.) | 36.0% | 1699.4% |
| Beta vs S&P 500 | 0.73 | 0.59 |
| Max drawdown (3Y) | -62.0% | -100.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 55.9 | – |
| Dividend yield | 18.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABR | ASBP |
|---|---|---|
| 2022 | -20.7% | – |
| 2023 | +29.7% | +5.7% |
| 2024 | +3.2% | +5.6% |
| 2025 | -36.7% | -98.9% |
| 2026 | -28.5% | +56.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABR and ASBP good diversifiers for each other?
Yes. With a correlation of -0.30, ABR and ASBP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABR and ASBP?
The ABR/ASBP correlation stands at -0.30 on a 3-year window (1 year: -0.49, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is ASBP a good diversifier for ABR?
Yes. With a correlation of -0.30, ABR and ASBP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abr-vs-asbp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abr-vs-asbp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABR correlations · ASBP correlations
