ASST vs IBB: Correlation
Strive, Inc. (ASST) and iShares Biotechnology ETF (IBB) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and IBB?
Across a 3-year window, the weekly returns of ASST and IBB correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.07 versus -0.20 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2928.9 %².
By 3-year correlation, IBB places #21 of the 58 assets tracked against ASST. Their recent paths diverged sharply: over the last 12 months IBB outperformed by 135.8 percentage points (-80.4% for ASST against +55.4% for IBB). One caveat on sizing: ASST is 34.9 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 IBB: side by side
| ASST (Strive, Inc.) | IBB (iShares Biotechnology ETF) | |
|---|---|---|
| 1-year return | -80.4% | +55.4% |
| 5-year return | n/a | +26.6% |
| Volatility (ann.) | 723.1% | 20.7% |
| Beta vs S&P 500 | -1.01 | 0.81 |
| Max drawdown (3Y) | -97.2% | -24.9% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.22% |
| Expense ratio | – | 0.44% |
| Assets under management | – | $9.2B |
| Sector / category | US Listed | ETF · Thematic |
IBB, iShares's Health fund, carries $9.2B under management, 235 holdings, a 0.44% expense ratio, a 0.22% trailing dividend yield.
Year-by-year returns
| Year | ASST | IBB |
|---|---|---|
| 2022 | – | -13.7% |
| 2023 | – | +3.8% |
| 2024 | -84.6% | -2.4% |
| 2025 | +50.3% | +28.0% |
| 2026 | +56.6% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and IBB good diversifiers for each other?
Yes. With a correlation of -0.20, ASST and IBB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASST and IBB?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.07 over the last year and n/a over 5 years.
Is IBB a good diversifier for ASST?
Yes. With a correlation of -0.20, ASST and IBB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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
$ curl https://www.pairbook.io/api/v1/pairs/asst-vs-ibb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asst-vs-ibb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASST correlations · IBB correlations
