ASBP vs WIX: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Wix.com Ltd. (WIX) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and WIX?
Across a 3-year window, the weekly returns of ASBP and WIX correlate at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.40) sits close to the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -30595.2 %².
By 3-year correlation, WIX places #57 of the 70 assets tracked against ASBP. The last year tells two different stories: WIX led by 24.2 percentage points, -61.3% for ASBP against -37.1% for WIX. Risk is not evenly split, since ASBP carries 29.2 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 WIX: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | WIX (Wix.com Ltd.) | |
|---|---|---|
| 1-year return | -61.3% | -37.1% |
| 5-year return | -97.9% | -61.8% |
| Volatility (ann.) | 1699.4% | 58.2% |
| Beta vs S&P 500 | 0.59 | 1.22 |
| Max drawdown (3Y) | -100.0% | -83.6% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASBP | WIX |
|---|---|---|
| 2022 | – | -51.3% |
| 2023 | +5.7% | +60.1% |
| 2024 | +5.6% | +74.4% |
| 2025 | -98.9% | -51.6% |
| 2026 | +56.4% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and WIX good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASBP and WIX?
As of 2026-08-27, the correlation of weekly returns between ASBP and WIX is -0.31 over 3 years, -0.40 over 1 year and -0.26 over 5 years.
Is WIX a good diversifier for ASBP?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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-wix.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asbp-vs-wix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASBP correlations · WIX correlations
