ASST vs ZBH: Correlation
Measured on weekly returns over the past three years, Strive, Inc. (ASST) and Zimmer Biomet (ZBH) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and ZBH?
On 3 years of weekly data the ASST/ZBH correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -3007.3 %².
Within ASST's tracked universe of 58 assets, ZBH comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ZBH outperformed by 74.5 percentage points (-80.4% for ASST against -5.9% for ZBH). Risk is not evenly split, since ASST carries 29.0 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 ZBH: side by side
| ASST (Strive, Inc.) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | -80.4% | -5.9% |
| 5-year return | n/a | -28.6% |
| Volatility (ann.) | 723.1% | 24.9% |
| Beta vs S&P 500 | -1.01 | 0.51 |
| Max drawdown (3Y) | -97.2% | -38.8% |
| Market cap | $2.1B | $19.0B |
| P/E (trailing) | – | 24.6 |
| Dividend yield | 0.00% | 0.95% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ASST | ZBH |
|---|---|---|
| 2022 | – | +4.2% |
| 2023 | – | -3.8% |
| 2024 | -84.6% | -12.5% |
| 2025 | +50.3% | -14.0% |
| 2026 | +56.6% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and ZBH good diversifiers for each other?
Yes. With a correlation of -0.17, ASST and ZBH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASST and ZBH?
The ASST/ZBH correlation stands at -0.17 on a 3-year window (1 year: -0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZBH a good diversifier for ASST?
Yes. With a correlation of -0.17, ASST and ZBH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asst-vs-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asst-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASST correlations · ZBH correlations
