ASR vs BAP: Correlation
Measured on weekly returns over the past three years, Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) and Credicorp Ltd. (BAP) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASR and BAP?
Across a 3-year window, the weekly returns of ASR and BAP correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 436.4 %².
Among the 13 assets we track against ASR, BAP ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BAP ahead by 74.3 points (-19.4% versus +54.9%).
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.
ASR vs BAP: side by side
| ASR (Grupo Aeroportuario del Sureste, S.A. de C.V.) | BAP (Credicorp Ltd.) | |
|---|---|---|
| 1-year return | -19.4% | +54.9% |
| 5-year return | +83.2% | +370.8% |
| Volatility (ann.) | 32.3% | 26.1% |
| Beta vs S&P 500 | 0.77 | 0.55 |
| Max drawdown (3Y) | -31.1% | -20.0% |
| Market cap | – | $29.6B |
| P/E (trailing) | 13.6 | 14.1 |
| Dividend yield | 3.81% | 13.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASR | BAP |
|---|---|---|
| 2022 | +17.0% | +14.6% |
| 2023 | +32.1% | +16.3% |
| 2024 | -9.2% | +31.4% |
| 2025 | +35.6% | +65.4% |
| 2026 | -18.1% | +36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASR and BAP good diversifiers for each other?
Only partially. A correlation of 0.52 means ASR and BAP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ASR and BAP?
As of 2026-08-27, the correlation of weekly returns between ASR and BAP is 0.52 over 3 years, 0.45 over 1 year and 0.49 over 5 years.
Is BAP a good diversifier for ASR?
Only partially. A correlation of 0.52 means ASR and BAP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: ASR correlations · BAP correlations
