AISP vs XBP: Correlation
Airship AI Holdings, Inc (AISP) and XBP Global Holdings, Inc. (XBP) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and XBP?
On 3 years of weekly data the AISP/XBP correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 10502.8 %².
Within AISP's tracked universe of 29 assets, XBP comes in at #17 by 3-year correlation. Twelve-month performance is nearly a tie, at -53.0% for AISP and -52.2% for XBP. One caveat on sizing: AISP is 1.6 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 XBP: side by side
| AISP (Airship AI Holdings, Inc) | XBP (XBP Global Holdings, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -52.2% |
| 5-year return | -77.4% | -97.1% |
| Volatility (ann.) | 233.1% | 145.1% |
| Beta vs S&P 500 | 1.24 | -0.32 |
| Max drawdown (3Y) | -87.4% | -99.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | XBP |
|---|---|---|
| 2022 | +3.0% | +4.3% |
| 2023 | -83.1% | -49.1% |
| 2024 | +268.2% | -79.4% |
| 2025 | -53.8% | -37.5% |
| 2026 | -24.6% | -57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and XBP good diversifiers for each other?
Reasonably. At 0.31, AISP and XBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AISP and XBP?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.27 over the last year and 0.31 over 5 years.
Is XBP a good diversifier for AISP?
Reasonably. At 0.31, AISP and XBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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-xbp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aisp-vs-xbp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · XBP correlations
