ASBP vs EYE: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and National Vision Holdings, Inc. (EYE) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and EYE?
On 3 years of weekly data the ASBP/EYE correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.27 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -23862.0 %².
Among the 70 assets we track against ASBP, EYE ranks #46 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EYE outperformed by 34.6 percentage points (-61.3% for ASBP against -26.7% for EYE). Note the risk asymmetry: ASBP runs 32.6 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 EYE: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | EYE (National Vision Holdings, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -26.7% |
| 5-year return | -97.9% | -69.8% |
| Volatility (ann.) | 1699.4% | 52.1% |
| Beta vs S&P 500 | 0.59 | 0.86 |
| Max drawdown (3Y) | -100.0% | -59.3% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 30.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | EYE |
|---|---|---|
| 2022 | – | -19.2% |
| 2023 | +5.7% | -46.0% |
| 2024 | +5.6% | -50.2% |
| 2025 | -98.9% | +147.8% |
| 2026 | +56.4% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and EYE good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and EYE?
The ASBP/EYE correlation stands at -0.27 on a 3-year window (1 year: -0.45, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is EYE a good diversifier for ASBP?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-eye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-eye/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASBP correlations · EYE correlations
