ASBP vs MRNO: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Murano Global Investments PLC (MRNO) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and MRNO?
Across a 3-year window, the weekly returns of ASBP and MRNO correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 137664.5 %².
Within ASBP's tracked universe of 70 assets, MRNO comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASBP outperformed by 35.1 percentage points (-61.3% for ASBP against -96.4% for MRNO). One caveat on sizing: ASBP is 9.9 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 MRNO: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | MRNO (Murano Global Investments PLC) | |
|---|---|---|
| 1-year return | -61.3% | -96.4% |
| 5-year return | -97.9% | -97.9% |
| Volatility (ann.) | 1699.4% | 170.9% |
| Beta vs S&P 500 | 0.59 | 1.65 |
| Max drawdown (3Y) | -100.0% | -99.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | MRNO |
|---|---|---|
| 2023 | +5.7% | +9.0% |
| 2024 | +5.6% | -8.4% |
| 2025 | -98.9% | -94.4% |
| 2026 | +56.4% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and MRNO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASBP and MRNO?
As of 2026-08-27, the correlation of weekly returns between ASBP and MRNO is 0.47 over 3 years, 0.57 over 1 year and 0.47 over 5 years.
Is MRNO a good diversifier for ASBP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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
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[](https://www.pairbook.io/pair/asbp-vs-mrno/)
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Related comparisons
Hubs: ASBP correlations · MRNO correlations
