ASST vs MATX: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and Matson, Inc. (MATX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and MATX?
Over the past 3 years, ASST and MATX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.08) than the 3-year average (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -6263.3 %².
By 3-year correlation, MATX places #33 of the 58 assets tracked against ASST. The last year tells two different stories: MATX led by 193.2 percentage points, -80.4% for ASST against +112.8% for MATX. 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 MATX: side by side
| ASST (Strive, Inc.) | MATX (Matson, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | +112.8% |
| 5-year return | n/a | +195.6% |
| Volatility (ann.) | 723.1% | 34.6% |
| Beta vs S&P 500 | -1.01 | 0.80 |
| Max drawdown (3Y) | -97.2% | -46.9% |
| Market cap | $2.1B | $6.6B |
| P/E (trailing) | – | 14.9 |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | MATX |
|---|---|---|
| 2022 | – | -29.5% |
| 2023 | – | +78.2% |
| 2024 | -84.6% | +24.3% |
| 2025 | +50.3% | -7.2% |
| 2026 | +56.6% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and MATX good diversifiers for each other?
Yes. With a correlation of -0.25, ASST and MATX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASST and MATX?
The ASST/MATX correlation stands at -0.25 on a 3-year window (1 year: 0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MATX a good diversifier for ASST?
Yes. With a correlation of -0.25, ASST and MATX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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
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Related comparisons
Hubs: ASST correlations · MATX correlations
