ASST vs ERII: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and Energy Recovery, Inc. (ERII) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and ERII?
Across a 3-year window, the weekly returns of ASST and ERII correlate at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.33). Stretching to 5 years gives n/a, with an annualized covariance of -12148.3 %².
Among the 58 assets we track against ASST, ERII ranks #53 by 3-year correlation. The last year tells two different stories: ERII led by 34.6 percentage points, -80.4% for ASST against -45.8% for ERII. Note the risk asymmetry: ASST runs 14.1 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 ERII: side by side
| ASST (Strive, Inc.) | ERII (Energy Recovery, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | -45.8% |
| 5-year return | n/a | -60.7% |
| Volatility (ann.) | 723.1% | 51.2% |
| Beta vs S&P 500 | -1.01 | 1.44 |
| Max drawdown (3Y) | -97.2% | -72.4% |
| Market cap | $2.1B | $0.4B |
| P/E (trailing) | – | 30.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | ERII |
|---|---|---|
| 2022 | – | -4.7% |
| 2023 | – | -8.1% |
| 2024 | -84.6% | -22.0% |
| 2025 | +50.3% | -8.2% |
| 2026 | +56.6% | -41.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and ERII good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASST and ERII?
The ASST/ERII correlation stands at -0.33 on a 3-year window (1 year: -0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ERII a good diversifier for ASST?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 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-erii.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asst-vs-erii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASST correlations · ERII correlations
