ASBP vs ERNA: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Ernexa Therapeutics Inc. (ERNA) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and ERNA?
Across a 3-year window, the weekly returns of ASBP and ERNA correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 81930.9 %².
By 3-year correlation, ERNA places #18 of the 70 assets tracked against ASBP. The last year tells two different stories: ASBP led by 25.1 percentage points, -61.3% for ASBP against -86.4% for ERNA. One caveat on sizing: ASBP is 13.0 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 ERNA: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | ERNA (Ernexa Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -86.4% |
| 5-year return | -97.9% | -100.0% |
| Volatility (ann.) | 1699.4% | 131.2% |
| Beta vs S&P 500 | 0.59 | 1.62 |
| Max drawdown (3Y) | -100.0% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | ERNA |
|---|---|---|
| 2022 | – | -96.1% |
| 2023 | +5.7% | -44.1% |
| 2024 | +5.6% | -83.9% |
| 2025 | -98.9% | -72.4% |
| 2026 | +56.4% | -84.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and ERNA good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASBP and ERNA?
As of 2026-08-27, the correlation of weekly returns between ASBP and ERNA is 0.37 over 3 years, 0.47 over 1 year and 0.33 over 5 years.
Is ERNA a good diversifier for ASBP?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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 · ERNA correlations
