AISP vs APGE: Correlation
Airship AI Holdings, Inc (AISP) and Apogee Therapeutics, Inc. (APGE) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and APGE?
On 3 years of weekly data the AISP/APGE correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.18 versus 0.49 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 9361.9 %².
By 3-year correlation, APGE places #8 of the 29 assets tracked against AISP. The last year tells two different stories: APGE led by 310.1 percentage points, -53.0% for AISP against +257.1% for APGE. One caveat on sizing: AISP is 2.8 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.
AISP vs APGE: side by side
| AISP (Airship AI Holdings, Inc) | APGE (Apogee Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +257.1% |
| 5-year return | -77.4% | n/a |
| Volatility (ann.) | 233.1% | 82.6% |
| Beta vs S&P 500 | 1.24 | 1.06 |
| Max drawdown (3Y) | -87.4% | -58.8% |
| Market cap | $0.1B | $10.2B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | APGE |
|---|---|---|
| 2022 | +3.0% | – |
| 2023 | -83.1% | – |
| 2024 | +268.2% | +62.1% |
| 2025 | -53.8% | +66.6% |
| 2026 | -24.6% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and APGE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AISP and APGE?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with -0.18 over the last year and n/a over 5 years.
Is APGE a good diversifier for AISP?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/aisp-vs-apge.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aisp-vs-apge/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · APGE correlations
