ASST vs AXGN: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and Axogen, Inc. (AXGN) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and AXGN?
On 3 years of weekly data the ASST/AXGN correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.24) than the 3-year average (-0.30). The 5-year figure is n/a, and annualized covariance runs at -13686.6 %².
Within ASST's tracked universe of 58 assets, AXGN comes in at #46 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AXGN outperformed by 300.9 percentage points (-80.4% for ASST against +220.5% for AXGN). One caveat on sizing: ASST is 11.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASST vs AXGN: side by side
| ASST (Strive, Inc.) | AXGN (Axogen, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | +220.5% |
| 5-year return | n/a | +213.9% |
| Volatility (ann.) | 723.1% | 63.3% |
| Beta vs S&P 500 | -1.01 | 1.11 |
| Max drawdown (3Y) | -97.2% | -53.8% |
| Market cap | $2.1B | $2.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | AXGN |
|---|---|---|
| 2022 | – | +6.5% |
| 2023 | – | -31.6% |
| 2024 | -84.6% | +141.3% |
| 2025 | +50.3% | +98.6% |
| 2026 | +56.6% | +58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and AXGN good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASST and AXGN?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with 0.24 over the last year and n/a over 5 years.
Is AXGN a good diversifier for ASST?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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/asst-vs-axgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asst-vs-axgn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASST correlations · AXGN correlations
