ASBP vs LESL: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Leslie's, Inc. (LESL) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and LESL?
Over the past 3 years, ASBP and LESL moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 88919.5 %².
Within ASBP's tracked universe of 70 assets, LESL comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASBP ahead by 31.1 points (-61.3% versus -92.4%). Note the risk asymmetry: ASBP runs 13.5 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 LESL: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | LESL (Leslie's, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -92.4% |
| 5-year return | -97.9% | -99.9% |
| Volatility (ann.) | 1699.4% | 125.8% |
| Beta vs S&P 500 | 0.59 | 1.83 |
| 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 | LESL |
|---|---|---|
| 2022 | – | -48.4% |
| 2023 | +5.7% | -43.4% |
| 2024 | +5.6% | -67.7% |
| 2025 | -98.9% | -96.3% |
| 2026 | +56.4% | -67.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and LESL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASBP and LESL?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.50 over the last year and 0.40 over 5 years.
Is LESL a good diversifier for ASBP?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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 · LESL correlations
