ASST vs IGIC: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and International General Insurance Holdings Ltd. (IGIC) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and IGIC?
Over the past 3 years, ASST and IGIC moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.21). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4424.4 %².
Among the 58 assets we track against ASST, IGIC ranks #22 by 3-year correlation. The last year tells two different stories: IGIC led by 96.2 percentage points, -80.4% for ASST against +15.8% for IGIC. Note the risk asymmetry: ASST runs 25.4 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 IGIC: side by side
| ASST (Strive, Inc.) | IGIC (International General Insurance Holdings Ltd.) | |
|---|---|---|
| 1-year return | -80.4% | +15.8% |
| 5-year return | n/a | +246.3% |
| Volatility (ann.) | 723.1% | 28.5% |
| Beta vs S&P 500 | -1.01 | 0.53 |
| Max drawdown (3Y) | -97.2% | -18.2% |
| Market cap | $2.1B | $1.1B |
| P/E (trailing) | – | 10.7 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | IGIC |
|---|---|---|
| 2022 | – | +1.6% |
| 2023 | – | +61.7% |
| 2024 | -84.6% | +92.4% |
| 2025 | +50.3% | +13.8% |
| 2026 | +56.6% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and IGIC good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASST and IGIC?
The ASST/IGIC correlation stands at -0.21 on a 3-year window (1 year: -0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IGIC a good diversifier for ASST?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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-igic.json
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[](https://www.pairbook.io/pair/asst-vs-igic/)
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Related comparisons
Hubs: ASST correlations · IGIC correlations
