ASST vs TOVX: Correlation
How closely do Strive, Inc. (ASST) and Theriva Biologics, Inc. (TOVX) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and TOVX?
On 3 years of weekly data the ASST/TOVX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.12) runs above the 3-year figure (-0.29). The 5-year figure is n/a, and annualized covariance runs at -22413.5 %².
Among the 58 assets we track against ASST, TOVX ranks #44 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TOVX outperformed by 40.5 percentage points (-80.4% for ASST against -39.9% for TOVX). Note the risk asymmetry: ASST runs 6.7 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 TOVX: side by side
| ASST (Strive, Inc.) | TOVX (Theriva Biologics, Inc.) | |
|---|---|---|
| 1-year return | -80.4% | -39.9% |
| 5-year return | n/a | -99.8% |
| Volatility (ann.) | 723.1% | 108.1% |
| Beta vs S&P 500 | -1.01 | 1.15 |
| Max drawdown (3Y) | -97.2% | -98.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASST | TOVX |
|---|---|---|
| 2022 | – | -83.3% |
| 2023 | – | -4.4% |
| 2024 | -84.6% | -83.7% |
| 2025 | +50.3% | -88.0% |
| 2026 | +56.6% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and TOVX good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASST and TOVX?
The ASST/TOVX correlation stands at -0.29 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TOVX a good diversifier for ASST?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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-tovx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asst-vs-tovx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASST correlations · TOVX correlations
