ASBP vs BZFD: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and BuzzFeed, Inc. (BZFD) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and BZFD?
On 3 years of weekly data the ASBP/BZFD correlation comes out at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.47 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 79615.3 %².
Within ASBP's tracked universe of 70 assets, BZFD comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BZFD ahead by 17.1 points (-61.3% versus -44.2%). Note the risk asymmetry: ASBP runs 17.2 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 BZFD: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | BZFD (BuzzFeed, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -44.2% |
| 5-year return | -97.9% | -97.2% |
| Volatility (ann.) | 1699.4% | 98.8% |
| Beta vs S&P 500 | 0.59 | 2.00 |
| Max drawdown (3Y) | -100.0% | -89.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | BZFD |
|---|---|---|
| 2022 | – | -87.1% |
| 2023 | +5.7% | -63.8% |
| 2024 | +5.6% | +167.0% |
| 2025 | -98.9% | -65.2% |
| 2026 | +56.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and BZFD good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASBP and BZFD?
The ASBP/BZFD correlation stands at 0.47 on a 3-year window (1 year: 0.70, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is BZFD a good diversifier for ASBP?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: ASBP correlations · BZFD correlations
