ASBP vs PSEC: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Prospect Capital Corporation - Closed End Fund (PSEC) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and PSEC?
Across a 3-year window, the weekly returns of ASBP and PSEC correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.21). Stretching to 5 years gives -0.18, with an annualized covariance of -11171.3 %².
By 3-year correlation, PSEC places #31 of the 70 assets tracked against ASBP. The last year tells two different stories: PSEC led by 55.5 percentage points, -61.3% for ASBP against -5.8% for PSEC. Note the risk asymmetry: ASBP runs 53.8 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 PSEC: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | PSEC (Prospect Capital Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -61.3% | -5.8% |
| 5-year return | -97.9% | -45.5% |
| Volatility (ann.) | 1699.4% | 31.6% |
| Beta vs S&P 500 | 0.59 | 0.59 |
| Max drawdown (3Y) | -100.0% | -50.5% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 38.0 |
| Dividend yield | 0.00% | 25.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | PSEC |
|---|---|---|
| 2022 | – | -8.6% |
| 2023 | +5.7% | -4.1% |
| 2024 | +5.6% | -18.2% |
| 2025 | -98.9% | -28.9% |
| 2026 | +56.4% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and PSEC good diversifiers for each other?
Yes. With a correlation of -0.21, ASBP and PSEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and PSEC?
As of 2026-08-27, the correlation of weekly returns between ASBP and PSEC is -0.21 over 3 years, -0.32 over 1 year and -0.18 over 5 years.
Is PSEC a good diversifier for ASBP?
Yes. With a correlation of -0.21, ASBP and PSEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-psec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-psec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · PSEC correlations
