ASAN vs DUK: Correlation
Asana, Inc. (ASAN) and Duke Energy (DUK) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASAN and DUK?
Across a 3-year window, the weekly returns of ASAN and DUK correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.30 over 3. Stretching to 5 years gives -0.14, with an annualized covariance of -290.4 %².
DUK is close to the least connected end of ASAN's tracked universe, ranking #17 of 19. Correlation aside, the last 12 months split them widely, with DUK ahead by 30.1 points (-29.0% versus +1.1%). Risk is not evenly split, since ASAN carries 3.8 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.
ASAN vs DUK: side by side
| ASAN (Asana, Inc.) | DUK (Duke Energy) | |
|---|---|---|
| 1-year return | -29.0% | +1.1% |
| 5-year return | -86.9% | +39.8% |
| Volatility (ann.) | 59.9% | 15.9% |
| Beta vs S&P 500 | 1.49 | -0.09 |
| Max drawdown (3Y) | -80.2% | -11.6% |
| Market cap | $2.3B | $94.2B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ASAN | DUK |
|---|---|---|
| 2022 | -81.5% | +2.0% |
| 2023 | +38.1% | -1.6% |
| 2024 | +6.6% | +15.6% |
| 2025 | -32.4% | +12.7% |
| 2026 | -25.8% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASAN and DUK good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASAN and DUK?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.33 over the last year and -0.14 over 5 years.
Is DUK a good diversifier for ASAN?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asan-vs-duk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asan-vs-duk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASAN correlations · DUK correlations
