ASST vs HLP: Correlation
How closely do Strive, Inc. (ASST) and Hongli Group Inc. - Class A (HLP) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and HLP?
On 3 years of weekly data the ASST/HLP correlation comes out at 0.26, weak. The past 12 months show a weaker link (0.14) than the 3-year average (0.26). The 5-year figure is n/a, and annualized covariance runs at 24058.7 %².
Within ASST's tracked universe of 58 assets, HLP comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HLP ahead by 170.1 points (-80.4% versus +89.7%). One caveat on sizing: ASST is 5.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HLP: side by side
| ASST (Strive, Inc.) | HLP (Hongli Group Inc. - Class A) | |
|---|---|---|
| 1-year return | -80.4% | +89.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 723.1% | 127.2% |
| Beta vs S&P 500 | -1.01 | 0.02 |
| Max drawdown (3Y) | -97.2% | -91.9% |
| Market cap | $2.1B | $0.1B |
| P/E (trailing) | – | 43.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | HLP |
|---|---|---|
| 2024 | -84.6% | -22.0% |
| 2025 | +50.3% | -20.6% |
| 2026 | +56.6% | +24.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and HLP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASST and HLP?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.14 over the last year and n/a over 5 years.
Is HLP a good diversifier for ASST?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/asst-vs-hlp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asst-vs-hlp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASST correlations · HLP correlations
