ASBP vs LNZA: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and LanzaTech Global, Inc. (LNZA) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and LNZA?
Across a 3-year window, the weekly returns of ASBP and LNZA correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.23 over 3 years. Stretching to 5 years gives -0.22, with an annualized covariance of -56197.2 %².
By 3-year correlation, LNZA places #35 of the 70 assets tracked against ASBP. Over the last 12 months ASBP came out ahead by 10.8 percentage points (-61.3% against -72.1%). One caveat on sizing: ASBP is 11.6 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 LNZA: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | LNZA (LanzaTech Global, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -72.1% |
| 5-year return | -97.9% | -99.4% |
| Volatility (ann.) | 1699.4% | 146.7% |
| Beta vs S&P 500 | 0.59 | 1.84 |
| Max drawdown (3Y) | -100.0% | -99.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 0.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | LNZA |
|---|---|---|
| 2022 | – | +3.3% |
| 2023 | +5.7% | -49.6% |
| 2024 | +5.6% | -72.8% |
| 2025 | -98.9% | -90.0% |
| 2026 | +56.4% | -54.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and LNZA good diversifiers for each other?
Yes. With a correlation of -0.23, ASBP and LNZA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and LNZA?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.39 over the last year and -0.22 over 5 years.
Is LNZA a good diversifier for ASBP?
Yes. With a correlation of -0.23, ASBP and LNZA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asbp-vs-lnza.json
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Related comparisons
Hubs: ASBP correlations · LNZA correlations
