ASBP vs CCAP: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Crescent Capital BDC, Inc. (CCAP) trade together? Their weekly returns over three years give a correlation of -0.44, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and CCAP?
Over the past 3 years, ASBP and CCAP moved with a correlation of -0.44, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.63) than the 3-year average (-0.44). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -17204.3 %².
Out of 70 assets tracked against ASBP, CCAP lands near the bottom at #68. The last year tells two different stories: CCAP led by 38.5 percentage points, -61.3% for ASBP against -22.8% for CCAP. One caveat on sizing: ASBP is 74.2 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.
ASBP vs CCAP: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | CCAP (Crescent Capital BDC, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -22.8% |
| 5-year return | -97.9% | +1.5% |
| Volatility (ann.) | 1699.4% | 22.9% |
| Beta vs S&P 500 | 0.59 | 0.60 |
| Max drawdown (3Y) | -100.0% | -36.2% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 15.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | CCAP |
|---|---|---|
| 2022 | – | -18.5% |
| 2023 | +5.7% | +52.6% |
| 2024 | +5.6% | +23.5% |
| 2025 | -98.9% | -17.5% |
| 2026 | +56.4% | -19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and CCAP good diversifiers for each other?
Yes. With a correlation of -0.44, ASBP and CCAP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and CCAP?
The ASBP/CCAP correlation stands at -0.44 on a 3-year window (1 year: -0.63, 5 years: -0.34), computed from weekly returns as of 2026-08-27.
Is CCAP a good diversifier for ASBP?
Yes. With a correlation of -0.44, ASBP and CCAP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
A reading of -0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASBP correlations · CCAP correlations
