AIIO vs ASBP: Correlation
Measured on weekly returns over the past three years, Robo.ai Inc. - Class B (AIIO) and Aspire Biopharma Holdings, Inc. (ASBP) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and ASBP?
Across a 3-year window, the weekly returns of AIIO and ASBP correlate at 0.75, strong. The past 12 months show a tighter link (0.93) than the 3-year average (0.75). Stretching to 5 years gives 0.74, with an annualized covariance of 357762.0 %².
Few assets follow AIIO as closely as ASBP, which ranks #1 of 35 tracked partners. Their recent paths diverged sharply: over the last 12 months ASBP outperformed by 30.0 percentage points (-91.3% for AIIO against -61.3% for ASBP). One caveat on sizing: ASBP is 6.1 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.
AIIO vs ASBP: side by side
| AIIO (Robo.ai Inc. - Class B) | ASBP (Aspire Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | -91.3% | -61.3% |
| 5-year return | -98.8% | -97.9% |
| Volatility (ann.) | 280.6% | 1699.4% |
| Beta vs S&P 500 | 0.74 | 0.59 |
| Max drawdown (3Y) | -99.7% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | ASBP |
|---|---|---|
| 2022 | -9.2% | – |
| 2023 | -27.5% | +5.7% |
| 2024 | -91.0% | +5.6% |
| 2025 | -56.6% | -98.9% |
| 2026 | -61.3% | +56.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and ASBP good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AIIO and ASBP?
As of 2026-08-27, the correlation of weekly returns between AIIO and ASBP is 0.75 over 3 years, 0.93 over 1 year and 0.74 over 5 years.
Is ASBP a good diversifier for AIIO?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 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/aiio-vs-asbp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiio-vs-asbp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIIO correlations · ASBP correlations
