ASBP vs TOPS: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and TOP Ships, Inc. (TOPS) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and TOPS?
Across a 3-year window, the weekly returns of ASBP and TOPS correlate at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.67) than the 3-year average (-0.38). Stretching to 5 years gives -0.22, with an annualized covariance of -50655.3 %².
Within ASBP's tracked universe of 70 assets, TOPS comes in at #65 by 3-year correlation. The last year tells two different stories: ASBP led by 24.6 percentage points, -61.3% for ASBP against -85.9% for TOPS. Note the risk asymmetry: ASBP runs 21.7 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 TOPS: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | TOPS (TOP Ships, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | -85.9% |
| 5-year return | -97.9% | -99.7% |
| Volatility (ann.) | 1699.4% | 78.4% |
| Beta vs S&P 500 | 0.59 | 1.09 |
| Max drawdown (3Y) | -100.0% | -96.5% |
| Market cap | – | – |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | TOPS |
|---|---|---|
| 2022 | – | -92.4% |
| 2023 | +5.7% | +2.5% |
| 2024 | +5.6% | -61.4% |
| 2025 | -98.9% | -25.2% |
| 2026 | +56.4% | -82.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and TOPS good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and TOPS?
As of 2026-08-27, the correlation of weekly returns between ASBP and TOPS is -0.38 over 3 years, -0.67 over 1 year and -0.22 over 5 years.
Is TOPS a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asbp-vs-tops.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-tops/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASBP correlations · TOPS correlations
