ASLE vs HLLY: Correlation
AerSale Corporation (ASLE) and Holley Inc. (HLLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and HLLY?
On 3 years of weekly data the ASLE/HLLY correlation comes out at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.47). The 5-year figure is 0.21, and annualized covariance runs at 1362.1 %².
In ASLE's tracked universe of 12 assets, HLLY sits right near the top at #3. On 12-month performance HLLY holds a 10.2-point edge, -35.6% against -25.4%.
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 HLLY: side by side
| ASLE (AerSale Corporation) | HLLY (Holley Inc.) | |
|---|---|---|
| 1-year return | -35.6% | -25.4% |
| 5-year return | -57.7% | -74.8% |
| Volatility (ann.) | 48.5% | 60.1% |
| Beta vs S&P 500 | 0.91 | 1.33 |
| Max drawdown (3Y) | -72.2% | -70.2% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | 33.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | HLLY |
|---|---|---|
| 2022 | -8.6% | -83.7% |
| 2023 | -21.7% | +129.7% |
| 2024 | -50.4% | -38.0% |
| 2025 | +12.9% | +36.8% |
| 2026 | -20.5% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and HLLY good diversifiers for each other?
Reasonably. At 0.47, ASLE and HLLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASLE and HLLY?
As of 2026-08-27, the correlation of weekly returns between ASLE and HLLY is 0.47 over 3 years, 0.03 over 1 year and 0.21 over 5 years.
Is HLLY a good diversifier for ASLE?
Reasonably. At 0.47, ASLE and HLLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/asle-vs-hlly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asle-vs-hlly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASLE correlations · HLLY correlations
