ASPN vs KUST: Correlation
Measured on weekly returns over the past three years, Aspen Aerogels, Inc. (ASPN) and Kustom Entertainment, Inc. (KUST) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPN and KUST?
Over the past 3 years, ASPN and KUST moved with a correlation of 0.34, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 3715.1 %².
By 3-year correlation, KUST places #9 of the 14 assets tracked against ASPN. The last year tells two different stories: ASPN led by 71.1 percentage points, -25.5% for ASPN against -96.6% for KUST.
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.
ASPN vs KUST: side by side
| ASPN (Aspen Aerogels, Inc.) | KUST (Kustom Entertainment, Inc.) | |
|---|---|---|
| 1-year return | -25.5% | -96.6% |
| 5-year return | -88.1% | -100.0% |
| Volatility (ann.) | 88.3% | 124.3% |
| Beta vs S&P 500 | 2.05 | 1.75 |
| Max drawdown (3Y) | -91.9% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASPN | KUST |
|---|---|---|
| 2022 | -76.3% | -78.5% |
| 2023 | +33.8% | -53.9% |
| 2024 | -24.7% | -75.0% |
| 2025 | -76.2% | -99.9% |
| 2026 | +84.8% | -89.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPN and KUST good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASPN and KUST?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.35 over the last year and 0.31 over 5 years.
Is KUST a good diversifier for ASPN?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/aspn-vs-kust.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aspn-vs-kust/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASPN correlations · KUST correlations
