ASBP vs NL: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and NLI Holdings, Inc. (NL) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and NL?
Across a 3-year window, the weekly returns of ASBP and NL correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.33, with an annualized covariance of 27097.5 %².
Within ASBP's tracked universe of 70 assets, NL comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NL ahead by 64.9 points (-61.3% versus +3.6%). Note the risk asymmetry: ASBP runs 41.2 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 NL: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | NL (NLI Holdings, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +3.6% |
| 5-year return | -97.9% | +41.5% |
| Volatility (ann.) | 1699.4% | 41.2% |
| Beta vs S&P 500 | 0.59 | 0.73 |
| Max drawdown (3Y) | -100.0% | -38.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 5.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | NL |
|---|---|---|
| 2022 | – | -1.3% |
| 2023 | +5.7% | -13.5% |
| 2024 | +5.6% | +54.9% |
| 2025 | -98.9% | -23.0% |
| 2026 | +56.4% | +23.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and NL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASBP and NL?
As of 2026-08-27, the correlation of weekly returns between ASBP and NL is 0.39 over 3 years, 0.60 over 1 year and 0.33 over 5 years.
Is NL a good diversifier for ASBP?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-nl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asbp-vs-nl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · NL correlations
