ASBP vs AVIR: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Atea Pharmaceuticals, Inc. (AVIR) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and AVIR?
On 3 years of weekly data the ASBP/AVIR correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.29). The 5-year figure is -0.22, and annualized covariance runs at -24103.7 %².
Within ASBP's tracked universe of 70 assets, AVIR comes in at #51 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVIR ahead by 112.7 points (-61.3% versus +51.4%). Note the risk asymmetry: ASBP runs 35.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ASBP vs AVIR: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | AVIR (Atea Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +51.4% |
| 5-year return | -97.9% | -82.1% |
| Volatility (ann.) | 1699.4% | 48.3% |
| Beta vs S&P 500 | 0.59 | 0.73 |
| Max drawdown (3Y) | -100.0% | -44.1% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | AVIR |
|---|---|---|
| 2022 | – | -46.2% |
| 2023 | +5.7% | -36.6% |
| 2024 | +5.6% | +9.8% |
| 2025 | -98.9% | +6.6% |
| 2026 | +56.4% | +52.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and AVIR good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and AVIR?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.45 over the last year and -0.22 over 5 years.
Is AVIR a good diversifier for ASBP?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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
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Related comparisons
Hubs: ASBP correlations · AVIR correlations
