ASST vs BDSX: Correlation
How closely do Strive, Inc. (ASST) and Biodesix, Inc. (BDSX) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and BDSX?
On 3 years of weekly data the ASST/BDSX correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.19). The 5-year figure is n/a, and annualized covariance runs at -12859.8 %².
Within ASST's tracked universe of 58 assets, BDSX comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BDSX outperformed by 283.4 percentage points (-80.4% for ASST against +203.0% for BDSX). Note the risk asymmetry: ASST runs 7.8 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.
ASST vs BDSX: side by side
| ASST (Strive, Inc.) | BDSX (Biodesix, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | +203.0% |
| 5-year return | n/a | -84.0% |
| Volatility (ann.) | 723.1% | 92.6% |
| Beta vs S&P 500 | -1.01 | 0.57 |
| Max drawdown (3Y) | -97.2% | -89.7% |
| Market cap | $2.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | BDSX |
|---|---|---|
| 2022 | – | -56.5% |
| 2023 | – | -20.0% |
| 2024 | -84.6% | -16.8% |
| 2025 | +50.3% | -77.8% |
| 2026 | +56.6% | +318.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and BDSX good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASST and BDSX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.07 over the last year and n/a over 5 years.
Is BDSX a good diversifier for ASST?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
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Related comparisons
Hubs: ASST correlations · BDSX correlations
