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ASST vs HAIN: Correlation

Measured on weekly returns over the past three years, Strive, Inc. (ASST) and The Hain Celestial Group, Inc. (HAIN) carry a correlation of -0.27, a negative link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.27
negative
Correlation (1Y)
0.37
last 12 months
Correlation (5Y)
n/a
long-run
Ann. covariance
-15155.3
%² · weekly, annualized

How correlated are ASST and HAIN?

On 3 years of weekly data the ASST/HAIN correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.37 versus -0.27 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -15155.3 %².

By 3-year correlation, HAIN places #39 of the 58 assets tracked against ASST. Correlation aside, the last 12 months split them widely, with HAIN ahead by 19.6 points (-80.4% versus -60.8%). Risk is not evenly split, since ASST carries 9.2 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 HAIN: side by side

ASST (Strive, Inc.)HAIN (The Hain Celestial Group, Inc.)
1-year return-80.4%-60.8%
5-year returnn/a-98.1%
Volatility (ann.)723.1%78.5%
Beta vs S&P 500-1.010.87
Max drawdown (3Y)-97.2%-95.9%
Market cap$2.1B$0.1B
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: HAIN -95.9% vs -97.2%
-91%0%+87%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. ASST · HAIN

Year-by-year returns

YearASSTHAIN
2022-62.0%
2023-32.3%
2024-84.6%-43.8%
2025+50.3%-82.6%
2026+56.6%-33.6%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are ASST and HAIN good diversifiers for each other?

Yes. With a correlation of -0.27, ASST and HAIN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.

FAQ

What is the correlation between ASST and HAIN?

Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.37 over the last year and n/a over 5 years.

Is HAIN a good diversifier for ASST?

Yes. With a correlation of -0.27, ASST and HAIN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.

What does a correlation of -0.27 mean?

On the −1 to +1 scale, -0.27 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.

Use this data

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$ curl https://www.pairbook.io/api/v1/pairs/asst-vs-hain.json

ASST vs HAIN: 3-year weekly correlation -0.27ASST vs HAIN-0.27

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Related comparisons

Hubs: ASST correlations · HAIN correlations