ASBP vs QETA: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Quetta Acquisition Corporation (QETA) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and QETA?
Over the past 3 years, ASBP and QETA moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3940.4 %².
Among the 70 assets we track against ASBP, QETA ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QETA outperformed by 66.2 percentage points (-61.3% for ASBP against +4.9% for QETA). Note the risk asymmetry: ASBP runs 326.8 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 QETA: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | QETA (Quetta Acquisition Corporation) | |
|---|---|---|
| 1-year return | -61.3% | +4.9% |
| 5-year return | -97.9% | n/a |
| Volatility (ann.) | 1699.4% | 5.2% |
| Beta vs S&P 500 | 0.59 | -0.04 |
| Max drawdown (3Y) | -100.0% | -5.1% |
| Market cap | – | – |
| P/E (trailing) | – | 51.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | QETA |
|---|---|---|
| 2023 | +5.7% | – |
| 2024 | +5.6% | +4.4% |
| 2025 | -98.9% | +7.6% |
| 2026 | +56.4% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and QETA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASBP and QETA?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.48 over the last year and n/a over 5 years.
Is QETA a good diversifier for ASBP?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asbp-vs-qeta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-qeta/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASBP correlations · QETA correlations
