ASST vs CMRE: Correlation
How closely do Strive, Inc. (ASST) and Costamare Inc. (CMRE) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and CMRE?
Over the past 3 years, ASST and CMRE moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.31 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -7854.5 %².
Among the 58 assets we track against ASST, CMRE ranks #49 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CMRE ahead by 113.2 points (-80.4% versus +32.8%). Risk is not evenly split, since ASST carries 20.5 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 CMRE: side by side
| ASST (Strive, Inc.) | CMRE (Costamare Inc.) | |
|---|---|---|
| 1-year return | -80.4% | +32.8% |
| 5-year return | n/a | +30.5% |
| Volatility (ann.) | 723.1% | 35.3% |
| Beta vs S&P 500 | -1.01 | 0.73 |
| Max drawdown (3Y) | -97.2% | -57.8% |
| Market cap | $2.1B | $1.9B |
| P/E (trailing) | – | 5.6 |
| Dividend yield | 0.00% | 3.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | CMRE |
|---|---|---|
| 2022 | – | -22.8% |
| 2023 | – | +16.2% |
| 2024 | -84.6% | +26.9% |
| 2025 | +50.3% | +26.5% |
| 2026 | +56.6% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and CMRE good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASST and CMRE?
The ASST/CMRE correlation stands at -0.31 on a 3-year window (1 year: -0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CMRE a good diversifier for ASST?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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 · CMRE correlations
