ASLE vs USPH: Correlation
How closely do AerSale Corporation (ASLE) and U.S. Physical Therapy, Inc. (USPH) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and USPH?
Across a 3-year window, the weekly returns of ASLE and USPH correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 809.6 %².
Few assets follow ASLE as closely as USPH, which ranks #2 of 12 tracked partners. The last year tells two different stories: USPH led by 31.5 percentage points, -35.6% for ASLE against -4.1% for USPH.
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 USPH: side by side
| ASLE (AerSale Corporation) | USPH (U.S. Physical Therapy, Inc.) | |
|---|---|---|
| 1-year return | -35.6% | -4.1% |
| 5-year return | -57.7% | -25.3% |
| Volatility (ann.) | 48.5% | 33.7% |
| Beta vs S&P 500 | 0.91 | 0.84 |
| Max drawdown (3Y) | -72.2% | -45.4% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | 465.3 |
| Dividend yield | 0.00% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | USPH |
|---|---|---|
| 2022 | -8.6% | -13.7% |
| 2023 | -21.7% | +17.0% |
| 2024 | -50.4% | -3.0% |
| 2025 | +12.9% | -9.9% |
| 2026 | -20.5% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and USPH good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASLE and USPH?
The ASLE/USPH correlation stands at 0.50 on a 3-year window (1 year: 0.49, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is USPH a good diversifier for ASLE?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asle-vs-usph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asle-vs-usph/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASLE correlations · USPH correlations
