ASBP vs SNAL: Correlation
How closely do Aspire Biopharma Holdings, Inc. (ASBP) and Snail, Inc. (SNAL) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and SNAL?
On 3 years of weekly data the ASBP/SNAL correlation comes out at 0.55, moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.55). The 5-year figure is 0.53, and annualized covariance runs at 137214.5 %².
Within ASBP's tracked universe of 70 assets, SNAL comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SNAL ahead by 26.1 points (-61.3% versus -35.2%). One caveat on sizing: ASBP is 11.6 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 SNAL: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | SNAL (Snail, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -35.2% |
| 5-year return | -97.9% | n/a |
| Volatility (ann.) | 1699.4% | 146.7% |
| Beta vs S&P 500 | 0.59 | 2.22 |
| Max drawdown (3Y) | -100.0% | -88.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | SNAL |
|---|---|---|
| 2023 | +5.7% | -17.7% |
| 2024 | +5.6% | +53.7% |
| 2025 | -98.9% | -52.2% |
| 2026 | +56.4% | -33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and SNAL good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASBP and SNAL?
The ASBP/SNAL correlation stands at 0.55 on a 3-year window (1 year: 0.69, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is SNAL a good diversifier for ASBP?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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 · SNAL correlations
