ASBP vs UAA: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Under Armour, Inc. (UAA) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and UAA?
On 3 years of weekly data the ASBP/UAA correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). The 5-year figure is -0.19, and annualized covariance runs at -19906.9 %².
Within ASBP's tracked universe of 70 assets, UAA comes in at #38 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UAA outperformed by 61.9 percentage points (-61.3% for ASBP against +0.6% for UAA). Risk is not evenly split, since ASBP carries 34.5 times the volatility of the other side.
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 UAA: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | UAA (Under Armour, Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +0.6% |
| 5-year return | -97.9% | -79.0% |
| Volatility (ann.) | 1699.4% | 49.2% |
| Beta vs S&P 500 | 0.59 | 0.99 |
| Max drawdown (3Y) | -100.0% | -62.5% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | UAA |
|---|---|---|
| 2022 | – | -52.1% |
| 2023 | +5.7% | -13.5% |
| 2024 | +5.6% | -5.8% |
| 2025 | -98.9% | -40.0% |
| 2026 | +56.4% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and UAA good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and UAA?
The ASBP/UAA correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is UAA a good diversifier for ASBP?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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-uaa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-uaa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASBP correlations · UAA correlations
