ASLE vs BTAI: Correlation
Measured on weekly returns over the past three years, AerSale Corporation (ASLE) and BioXcel Therapeutics, Inc. (BTAI) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and BTAI?
On 3 years of weekly data the ASLE/BTAI correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.51). The 5-year figure is 0.37, and annualized covariance runs at 4019.1 %².
Few assets follow ASLE as closely as BTAI, which ranks #1 of 12 tracked partners. The last year tells two different stories: ASLE led by 46.2 percentage points, -35.6% for ASLE against -81.8% for BTAI. One caveat on sizing: BTAI is 3.3 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.
ASLE vs BTAI: side by side
| ASLE (AerSale Corporation) | BTAI (BioXcel Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -35.6% | -81.8% |
| 5-year return | -57.7% | -99.8% |
| Volatility (ann.) | 48.5% | 162.0% |
| Beta vs S&P 500 | 0.91 | 2.19 |
| Max drawdown (3Y) | -72.2% | -99.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | BTAI |
|---|---|---|
| 2022 | -8.6% | +5.7% |
| 2023 | -21.7% | -86.3% |
| 2024 | -50.4% | -87.3% |
| 2025 | +12.9% | -73.3% |
| 2026 | -20.5% | -55.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and BTAI good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ASLE and BTAI?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.39 over the last year and 0.37 over 5 years.
Is BTAI a good diversifier for ASLE?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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/asle-vs-btai.json
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Related comparisons
Hubs: ASLE correlations · BTAI correlations
