ASST vs XBI: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and SPDR S&P Biotech ETF (XBI) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and XBI?
Across a 3-year window, the weekly returns of ASST and XBI correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.16). Stretching to 5 years gives n/a, with an annualized covariance of -3200.3 %².
Within ASST's tracked universe of 58 assets, XBI comes in at #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XBI ahead by 167.6 points (-80.4% versus +87.2%). Risk is not evenly split, since ASST carries 26.1 times the volatility of the other side.
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 XBI: side by side
| ASST (Strive, Inc.) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | -80.4% | +87.2% |
| 5-year return | n/a | +28.6% |
| Volatility (ann.) | 723.1% | 27.7% |
| Beta vs S&P 500 | -1.01 | 1.09 |
| Max drawdown (3Y) | -97.2% | -33.0% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | ASST | XBI |
|---|---|---|
| 2022 | – | -25.9% |
| 2023 | – | +7.6% |
| 2024 | -84.6% | +1.0% |
| 2025 | +50.3% | +35.9% |
| 2026 | +56.6% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and XBI good diversifiers for each other?
Yes. With a correlation of -0.16, ASST and XBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASST and XBI?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.00 over the last year and n/a over 5 years.
Is XBI a good diversifier for ASST?
Yes. With a correlation of -0.16, ASST and XBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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-xbi.json
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Related comparisons
Hubs: ASST correlations · XBI correlations
