ASTS vs INSM: Correlation
AST SpaceMobile, Inc. (ASTS) and Insmed Incorporated (INSM) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTS and INSM?
Over the past 3 years, ASTS and INSM moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 4626.5 %².
By 3-year correlation, INSM places #4 of the 11 assets tracked against ASTS. Their recent paths diverged sharply: over the last 12 months ASTS outperformed by 37.1 percentage points (+27.3% for ASTS against -9.8% for INSM).
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.
ASTS vs INSM: side by side
| ASTS (AST SpaceMobile, Inc.) | INSM (Insmed Incorporated) | |
|---|---|---|
| 1-year return | +27.3% | -9.8% |
| 5-year return | +397.1% | +339.0% |
| Volatility (ann.) | 119.4% | 100.1% |
| Beta vs S&P 500 | 1.92 | 0.74 |
| Max drawdown (3Y) | -68.4% | -56.5% |
| Market cap | $23.9B | $26.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTS | INSM |
|---|---|---|
| 2022 | -39.3% | -26.7% |
| 2023 | +25.1% | +55.1% |
| 2024 | +249.9% | +122.8% |
| 2025 | +244.2% | +152.1% |
| 2026 | -15.4% | -30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTS and INSM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASTS and INSM?
As of 2026-08-27, the correlation of weekly returns between ASTS and INSM is 0.39 over 3 years, 0.26 over 1 year and 0.37 over 5 years.
Is INSM a good diversifier for ASTS?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/asts-vs-insm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asts-vs-insm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTS correlations · INSM correlations
