AIP vs WKSP: Correlation
How closely do Arteris, Inc. (AIP) and Worksport, Ltd. (WKSP) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIP and WKSP?
On 3 years of weekly data the AIP/WKSP correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 2782.0 %².
Among the 13 assets we track against AIP, WKSP sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months AIP outperformed by 222.9 percentage points (+143.4% for AIP against -79.5% for WKSP). Note the risk asymmetry: WKSP runs 1.7 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.
AIP vs WKSP: side by side
| AIP (Arteris, Inc.) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | +143.4% | -79.5% |
| 5-year return | +29.7% | -98.8% |
| Volatility (ann.) | 65.6% | 108.8% |
| Beta vs S&P 500 | 2.01 | 1.80 |
| Max drawdown (3Y) | -54.5% | -98.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIP | WKSP |
|---|---|---|
| 2022 | -79.6% | -58.9% |
| 2023 | +37.0% | +49.7% |
| 2024 | +73.0% | -38.3% |
| 2025 | +52.1% | -76.8% |
| 2026 | +52.3% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIP and WKSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIP and WKSP?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.37 over the last year and 0.32 over 5 years.
Is WKSP a good diversifier for AIP?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: AIP correlations · WKSP correlations
