ASBP vs SMX: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and SMX (Security Matters) Public Limited Company (SMX) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and SMX?
On 3 years of weekly data the ASBP/SMX correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 624065.8 %².
Within ASBP's tracked universe of 70 assets, SMX comes in at #14 by 3-year correlation. The last year tells two different stories: ASBP led by 34.9 percentage points, -61.3% for ASBP against -96.2% for SMX. Note the risk asymmetry: ASBP runs 2.0 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 SMX: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | SMX (SMX (Security Matters) Public Limited Company) | |
|---|---|---|
| 1-year return | -61.3% | -96.2% |
| 5-year return | -97.9% | -100.0% |
| Volatility (ann.) | 1699.4% | 869.6% |
| Beta vs S&P 500 | 0.59 | 6.86 |
| 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 | SMX |
|---|---|---|
| 2022 | – | +3.5% |
| 2023 | +5.7% | -99.7% |
| 2024 | +5.6% | -98.9% |
| 2025 | -98.9% | -99.7% |
| 2026 | +56.4% | -90.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and SMX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASBP and SMX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.42 over the last year and 0.42 over 5 years.
Is SMX a good diversifier for ASBP?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-smx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-smx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASBP correlations · SMX correlations
