ARES vs ASPS: Correlation
How closely do Ares Management (ARES) and Altisource Portfolio Solutions S.A. (ASPS) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and ASPS?
On 3 years of weekly data the ARES/ASPS correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.19 over 3. The 5-year figure is -0.08, and annualized covariance runs at -581.0 %².
Within ARES's tracked universe of 32 assets, ASPS comes in at #26 by 3-year correlation. The last year tells two different stories: ARES led by 34.7 percentage points, -17.7% for ARES against -52.4% for ASPS. One caveat on sizing: ASPS is 2.4 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.
ARES vs ASPS: side by side
| ARES (Ares Management) | ASPS (Altisource Portfolio Solutions S.A.) | |
|---|---|---|
| 1-year return | -17.7% | -52.4% |
| 5-year return | +118.7% | -93.2% |
| Volatility (ann.) | 35.5% | 85.7% |
| Beta vs S&P 500 | 1.55 | -0.36 |
| Max drawdown (3Y) | -50.0% | -88.8% |
| Market cap | $47.0B | $0.1B |
| P/E (trailing) | 65.0 | – |
| Dividend yield | 3.48% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ARES | ASPS |
|---|---|---|
| 2022 | -12.8% | -15.7% |
| 2023 | +79.5% | -62.4% |
| 2024 | +52.7% | -81.5% |
| 2025 | -6.2% | +31.6% |
| 2026 | -9.8% | -19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and ASPS good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARES and ASPS?
As of 2026-08-27, the correlation of weekly returns between ARES and ASPS is -0.19 over 3 years, -0.19 over 1 year and -0.08 over 5 years.
Is ASPS a good diversifier for ARES?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/ares-vs-asps.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ares-vs-asps/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARES correlations · ASPS correlations
