AISP vs SWBI: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and Smith & Wesson Brands, Inc. (SWBI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and SWBI?
On 3 years of weekly data the AISP/SWBI correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.36). The 5-year figure is 0.26, and annualized covariance runs at 3364.6 %².
Within AISP's tracked universe of 29 assets, SWBI comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SWBI outperformed by 119.4 percentage points (-53.0% for AISP against +66.4% for SWBI). Risk is not evenly split, since AISP carries 5.9 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.
AISP vs SWBI: side by side
| AISP (Airship AI Holdings, Inc) | SWBI (Smith & Wesson Brands, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +66.4% |
| 5-year return | -77.4% | -34.9% |
| Volatility (ann.) | 233.1% | 39.8% |
| Beta vs S&P 500 | 1.24 | 0.30 |
| Max drawdown (3Y) | -87.4% | -54.2% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | 3.2 | 32.7 |
| Dividend yield | 0.00% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | SWBI |
|---|---|---|
| 2022 | +3.0% | -49.6% |
| 2023 | -83.1% | +62.2% |
| 2024 | +268.2% | -22.5% |
| 2025 | -53.8% | +3.1% |
| 2026 | -24.6% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and SWBI good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AISP and SWBI?
As of 2026-08-27, the correlation of weekly returns between AISP and SWBI is 0.36 over 3 years, 0.09 over 1 year and 0.26 over 5 years.
Is SWBI a good diversifier for AISP?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aisp-vs-swbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-swbi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AISP correlations · SWBI correlations
