ASBP vs BWEN: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Broadwind, Inc. (BWEN) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and BWEN?
Over the past 3 years, ASBP and BWEN moved with a correlation of 0.64, which is strong. The past 12 months show a tighter link (0.81) than the 3-year average (0.64). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 109136.3 %².
Within ASBP's tracked universe of 70 assets, BWEN comes in at #4 by 3-year correlation. The last year tells two different stories: BWEN led by 173.8 percentage points, -61.3% for ASBP against +112.5% for BWEN. Risk is not evenly split, since ASBP carries 17.0 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.
ASBP vs BWEN: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | BWEN (Broadwind, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +112.5% |
| 5-year return | -97.9% | +46.2% |
| Volatility (ann.) | 1699.4% | 99.9% |
| Beta vs S&P 500 | 0.59 | 1.25 |
| Max drawdown (3Y) | -100.0% | -69.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | BWEN |
|---|---|---|
| 2022 | – | -4.8% |
| 2023 | +5.7% | +54.7% |
| 2024 | +5.6% | -32.1% |
| 2025 | -98.9% | +50.5% |
| 2026 | +56.4% | +62.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and BWEN good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASBP and BWEN?
As of 2026-08-27, the correlation of weekly returns between ASBP and BWEN is 0.64 over 3 years, 0.81 over 1 year and 0.41 over 5 years.
Is BWEN a good diversifier for ASBP?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/asbp-vs-bwen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-bwen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASBP correlations · BWEN correlations
