ASMB vs KWEB: Correlation
Assembly Biosciences, Inc. (ASMB) and KraneShares CSI China Internet ETF (KWEB) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASMB and KWEB?
Over the past 3 years, ASMB and KWEB moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -327.2 %².
Among the 11 assets we track against ASMB, KWEB sits near the bottom by co-movement, at rank #8. The last year tells two different stories: ASMB led by 60.5 percentage points, +34.4% for ASMB against -26.1% for KWEB. Note the risk asymmetry: ASMB runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ASMB vs KWEB: side by side
| ASMB (Assembly Biosciences, Inc.) | KWEB (KraneShares CSI China Internet ETF) | |
|---|---|---|
| 1-year return | +34.4% | -26.1% |
| 5-year return | -21.2% | -36.2% |
| Volatility (ann.) | 61.8% | 33.9% |
| Beta vs S&P 500 | 1.09 | 0.90 |
| Max drawdown (3Y) | -57.5% | -41.6% |
| Market cap | $0.7B | – |
| P/E (trailing) | 28.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | ASMB | KWEB |
|---|---|---|
| 2022 | -44.2% | -17.2% |
| 2023 | -36.9% | -9.1% |
| 2024 | +60.4% | +12.0% |
| 2025 | +115.5% | +23.5% |
| 2026 | +2.3% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASMB and KWEB good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASMB and KWEB?
As of 2026-08-27, the correlation of weekly returns between ASMB and KWEB is -0.16 over 3 years, -0.24 over 1 year and -0.01 over 5 years.
Is KWEB a good diversifier for ASMB?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/asmb-vs-kweb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asmb-vs-kweb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASMB correlations · KWEB correlations
