ASST vs IOVA: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and Iovance Biotherapeutics, Inc. (IOVA) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and IOVA?
Across a 3-year window, the weekly returns of ASST and IOVA correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.07) than the 3-year average (-0.26). Stretching to 5 years gives n/a, with an annualized covariance of -19615.8 %².
Among the 58 assets we track against ASST, IOVA ranks #35 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IOVA outperformed by 321.7 percentage points (-80.4% for ASST against +241.3% for IOVA). Note the risk asymmetry: ASST runs 7.0 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 IOVA: side by side
| ASST (Strive, Inc.) | IOVA (Iovance Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | +241.3% |
| 5-year return | n/a | -64.9% |
| Volatility (ann.) | 723.1% | 103.2% |
| Beta vs S&P 500 | -1.01 | 1.90 |
| Max drawdown (3Y) | -97.2% | -90.5% |
| Market cap | $2.1B | $3.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | IOVA |
|---|---|---|
| 2022 | – | -66.5% |
| 2023 | – | +27.2% |
| 2024 | -84.6% | -9.0% |
| 2025 | +50.3% | -63.1% |
| 2026 | +56.6% | +202.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and IOVA good diversifiers for each other?
Yes. With a correlation of -0.26, ASST and IOVA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASST and IOVA?
The ASST/IOVA correlation stands at -0.26 on a 3-year window (1 year: 0.07, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IOVA a good diversifier for ASST?
Yes. With a correlation of -0.26, ASST and IOVA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-iova.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asst-vs-iova/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASST correlations · IOVA correlations
