ASBP vs SBFM: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Sunshine Biopharma Inc. (SBFM) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and SBFM?
Over the past 3 years, ASBP and SBFM moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.57 versus -0.33 over 3 years. Over 5 years the correlation is -0.30, and the annualized covariance of weekly returns is -68467.2 %².
Within ASBP's tracked universe of 70 assets, SBFM comes in at #59 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASBP outperformed by 30.1 percentage points (-61.3% for ASBP against -91.4% for SBFM). One caveat on sizing: ASBP is 13.7 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 SBFM: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | SBFM (Sunshine Biopharma Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -91.4% |
| 5-year return | -97.9% | -100.0% |
| Volatility (ann.) | 1699.4% | 123.8% |
| Beta vs S&P 500 | 0.59 | 1.40 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | SBFM |
|---|---|---|
| 2023 | +5.7% | -57.5% |
| 2024 | +5.6% | -99.4% |
| 2025 | -98.9% | -59.0% |
| 2026 | +56.4% | -89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and SBFM good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and SBFM?
As of 2026-08-27, the correlation of weekly returns between ASBP and SBFM is -0.33 over 3 years, -0.57 over 1 year and -0.30 over 5 years.
Is SBFM a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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-sbfm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asbp-vs-sbfm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASBP correlations · SBFM correlations
