ADUS vs ASBP: Correlation
Addus HomeCare Corporation (ADUS) and Aspire Biopharma Holdings, Inc. (ASBP) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADUS and ASBP?
On 3 years of weekly data the ADUS/ASBP correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.18 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -8409.3 %².
Out of 11 assets tracked against ADUS, ASBP lands near the bottom at #9. The last year tells two different stories: ADUS led by 63.5 percentage points, +2.2% for ADUS against -61.3% for ASBP. Note the risk asymmetry: ASBP runs 62.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADUS vs ASBP: side by side
| ADUS (Addus HomeCare Corporation) | ASBP (Aspire Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | +2.2% | -61.3% |
| 5-year return | +31.2% | -97.9% |
| Volatility (ann.) | 27.2% | 1699.4% |
| Beta vs S&P 500 | 0.41 | 0.59 |
| Max drawdown (3Y) | -34.9% | -100.0% |
| Market cap | $2.2B | – |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADUS | ASBP |
|---|---|---|
| 2022 | +6.4% | – |
| 2023 | -6.7% | +5.7% |
| 2024 | +35.0% | +5.6% |
| 2025 | -14.3% | -98.9% |
| 2026 | +9.9% | +56.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADUS and ASBP good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADUS and ASBP?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.32 over the last year and -0.14 over 5 years.
Is ASBP a good diversifier for ADUS?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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: ADUS correlations · ASBP correlations
