ASST vs JAZZ: Correlation
How closely do Strive, Inc. (ASST) and Jazz Pharmaceuticals plc (JAZZ) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and JAZZ?
Across a 3-year window, the weekly returns of ASST and JAZZ correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.32). Stretching to 5 years gives n/a, with an annualized covariance of -7933.4 %².
Within ASST's tracked universe of 58 assets, JAZZ comes in at #50 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JAZZ outperformed by 182.2 percentage points (-80.4% for ASST against +101.8% for JAZZ). One caveat on sizing: ASST is 20.9 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 JAZZ: side by side
| ASST (Strive, Inc.) | JAZZ (Jazz Pharmaceuticals plc) | |
|---|---|---|
| 1-year return | -80.4% | +101.8% |
| 5-year return | n/a | +90.9% |
| Volatility (ann.) | 723.1% | 34.6% |
| Beta vs S&P 500 | -1.01 | 0.60 |
| Max drawdown (3Y) | -97.2% | -32.7% |
| Market cap | $2.1B | $16.3B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | JAZZ |
|---|---|---|
| 2022 | – | +25.0% |
| 2023 | – | -22.8% |
| 2024 | -84.6% | +0.1% |
| 2025 | +50.3% | +38.0% |
| 2026 | +56.6% | +47.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and JAZZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASST and JAZZ?
The ASST/JAZZ correlation stands at -0.32 on a 3-year window (1 year: -0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is JAZZ a good diversifier for ASST?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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-jazz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asst-vs-jazz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASST correlations · JAZZ correlations
