ASLE vs SIGA: Correlation
How closely do AerSale Corporation (ASLE) and SIGA Technologies Inc. (SIGA) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and SIGA?
On 3 years of weekly data the ASLE/SIGA correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 1415.1 %².
Within ASLE's tracked universe of 12 assets, SIGA comes in at #5 by 3-year correlation. The last year tells two different stories: ASLE led by 22.5 percentage points, -35.6% for ASLE against -58.1% for SIGA.
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 SIGA: side by side
| ASLE (AerSale Corporation) | SIGA (SIGA Technologies Inc.) | |
|---|---|---|
| 1-year return | -35.6% | -58.1% |
| 5-year return | -57.7% | -27.3% |
| Volatility (ann.) | 48.5% | 64.1% |
| Beta vs S&P 500 | 0.91 | 1.22 |
| Max drawdown (3Y) | -72.2% | -70.1% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | SIGA |
|---|---|---|
| 2022 | -8.6% | +4.2% |
| 2023 | -21.7% | -17.6% |
| 2024 | -50.4% | +15.2% |
| 2025 | +12.9% | +12.3% |
| 2026 | -20.5% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and SIGA good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASLE and SIGA?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.49 over the last year and 0.30 over 5 years.
Is SIGA a good diversifier for ASLE?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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-siga.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asle-vs-siga/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASLE correlations · SIGA correlations
