ASST vs GMED: Correlation
Strive, Inc. (ASST) and Globus Medical, Inc. (GMED) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and GMED?
On 3 years of weekly data the ASST/GMED correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.10 versus -0.30 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -9122.6 %².
By 3-year correlation, GMED places #47 of the 58 assets tracked against ASST. Their recent paths diverged sharply: over the last 12 months GMED outperformed by 114.6 percentage points (-80.4% for ASST against +34.2% for GMED). Note the risk asymmetry: ASST runs 17.4 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 GMED: side by side
| ASST (Strive, Inc.) | GMED (Globus Medical, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | +34.2% |
| 5-year return | n/a | +0.4% |
| Volatility (ann.) | 723.1% | 41.6% |
| Beta vs S&P 500 | -1.01 | 0.74 |
| Max drawdown (3Y) | -97.2% | -44.4% |
| Market cap | $2.1B | $11.1B |
| P/E (trailing) | – | 21.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | GMED |
|---|---|---|
| 2022 | – | +2.9% |
| 2023 | – | -28.2% |
| 2024 | -84.6% | +55.2% |
| 2025 | +50.3% | +5.6% |
| 2026 | +56.6% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and GMED 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 GMED?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is GMED 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?
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.
Use this data
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Related comparisons
Hubs: ASST correlations · GMED correlations
