ASBP vs PIII: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and P3 Health Partners Inc. (PIII) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and PIII?
Across a 3-year window, the weekly returns of ASBP and PIII correlate at 0.82, very strong, meaning they move nearly in lockstep. Lately the two have moved closer together, with the 1-year correlation at 0.93 versus 0.82 over 3 years. Stretching to 5 years gives 0.72, with an annualized covariance of 215248.9 %².
PIII is one of the assets that tracks ASBP most closely: it ranks #1 out of the 70 assets we track against ASBP. Their recent paths diverged sharply: over the last 12 months PIII outperformed by 80.9 percentage points (-61.3% for ASBP against +19.6% for PIII). One caveat on sizing: ASBP is 11.0 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 PIII: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | PIII (P3 Health Partners Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +19.6% |
| 5-year return | -97.9% | -98.1% |
| Volatility (ann.) | 1699.4% | 154.4% |
| Beta vs S&P 500 | 0.59 | 0.52 |
| Max drawdown (3Y) | -100.0% | -98.9% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | PIII |
|---|---|---|
| 2022 | – | -73.9% |
| 2023 | +5.7% | -23.4% |
| 2024 | +5.6% | -84.0% |
| 2025 | -98.9% | -69.0% |
| 2026 | +56.4% | +169.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and PIII good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ASBP and PIII?
As of 2026-08-27, the correlation of weekly returns between ASBP and PIII is 0.82 over 3 years, 0.93 over 1 year and 0.72 over 5 years.
Is PIII a good diversifier for ASBP?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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.
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Related comparisons
Hubs: ASBP correlations · PIII correlations
