ASST vs CMP: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and Compass Minerals Intl Inc (CMP) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and CMP?
Across a 3-year window, the weekly returns of ASST and CMP correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.09 versus 0.38 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 15152.2 %².
Among the 58 assets we track against ASST, CMP ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CMP ahead by 111.2 points (-80.4% versus +30.8%). Risk is not evenly split, since ASST carries 13.0 times the volatility of the other side.
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 CMP: side by side
| ASST (Strive, Inc.) | CMP (Compass Minerals Intl Inc) | |
|---|---|---|
| 1-year return | -80.4% | +30.8% |
| 5-year return | n/a | -60.3% |
| Volatility (ann.) | 723.1% | 55.5% |
| Beta vs S&P 500 | -1.01 | 0.86 |
| Max drawdown (3Y) | -97.2% | -74.2% |
| Market cap | $2.1B | $1.0B |
| P/E (trailing) | – | 59.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | CMP |
|---|---|---|
| 2022 | – | -18.7% |
| 2023 | – | -37.0% |
| 2024 | -84.6% | -55.3% |
| 2025 | +50.3% | +74.6% |
| 2026 | +56.6% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and CMP good diversifiers for each other?
Reasonably. At 0.38, ASST and CMP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASST and CMP?
The ASST/CMP correlation stands at 0.38 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CMP a good diversifier for ASST?
Reasonably. At 0.38, ASST and CMP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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: ASST correlations · CMP correlations
