ASBP vs UI: Correlation
Aspire Biopharma Holdings, Inc. (ASBP) and Ubiquiti Inc. (UI) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and UI?
Over the past 3 years, ASBP and UI moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.28 over 3 years. Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -25501.9 %².
Within ASBP's tracked universe of 70 assets, UI comes in at #50 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UI outperformed by 75.0 percentage points (-61.3% for ASBP against +13.7% for UI). Risk is not evenly split, since ASBP carries 31.8 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 UI: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | UI (Ubiquiti Inc.) | |
|---|---|---|
| 1-year return | -61.3% | +13.7% |
| 5-year return | -97.9% | +84.4% |
| Volatility (ann.) | 1699.4% | 53.4% |
| Beta vs S&P 500 | 0.59 | 1.36 |
| Max drawdown (3Y) | -100.0% | -51.7% |
| Market cap | – | $35.9B |
| P/E (trailing) | – | 37.6 |
| Dividend yield | 0.00% | 0.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | UI |
|---|---|---|
| 2022 | – | -10.0% |
| 2023 | +5.7% | -48.2% |
| 2024 | +5.6% | +141.2% |
| 2025 | -98.9% | +67.7% |
| 2026 | +56.4% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and UI good diversifiers for each other?
Yes. With a correlation of -0.28, ASBP and UI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASBP and UI?
As of 2026-08-27, the correlation of weekly returns between ASBP and UI is -0.28 over 3 years, -0.46 over 1 year and -0.24 over 5 years.
Is UI a good diversifier for ASBP?
Yes. With a correlation of -0.28, ASBP and UI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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.
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Related comparisons
Hubs: ASBP correlations · UI correlations
