ASBP vs HYLN: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Hyliion Holdings Corp. (HYLN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and HYLN?
On 3 years of weekly data the ASBP/HYLN correlation comes out at 0.49, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.49). The 5-year figure is 0.44, and annualized covariance runs at 89316.9 %².
By 3-year correlation, HYLN places #7 of the 70 assets tracked against ASBP. Their recent paths diverged sharply: over the last 12 months HYLN outperformed by 163.1 percentage points (-61.3% for ASBP against +101.8% for HYLN). Risk is not evenly split, since ASBP carries 15.7 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 HYLN: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | HYLN (Hyliion Holdings Corp.) | |
|---|---|---|
| 1-year return | -61.3% | +101.8% |
| 5-year return | -97.9% | -60.9% |
| Volatility (ann.) | 1699.4% | 108.2% |
| Beta vs S&P 500 | 0.59 | 2.37 |
| Max drawdown (3Y) | -100.0% | -70.3% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | HYLN |
|---|---|---|
| 2022 | – | -62.3% |
| 2023 | +5.7% | -65.2% |
| 2024 | +5.6% | +220.6% |
| 2025 | -98.9% | -29.5% |
| 2026 | +56.4% | +85.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and HYLN good diversifiers for each other?
Reasonably. At 0.49, ASBP and HYLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASBP and HYLN?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.74 over the last year and 0.44 over 5 years.
Is HYLN a good diversifier for ASBP?
Reasonably. At 0.49, ASBP and HYLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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 · HYLN correlations
