ASTS vs WETH: Correlation
How closely do AST SpaceMobile, Inc. (ASTS) and Wetouch Technology Inc. (WETH) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTS and WETH?
Over the past 3 years, ASTS and WETH moved with a correlation of 0.34, which is moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.34). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4740.7 %².
By 3-year correlation, WETH places #6 of the 11 assets tracked against ASTS. Over the last 12 months ASTS came out ahead by 10.0 percentage points (+27.3% against +17.3%).
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 WETH: side by side
| ASTS (AST SpaceMobile, Inc.) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | +27.3% | +17.3% |
| 5-year return | +397.1% | n/a |
| Volatility (ann.) | 119.4% | 112.1% |
| Beta vs S&P 500 | 1.92 | 1.71 |
| Max drawdown (3Y) | -68.4% | -83.8% |
| Market cap | $23.9B | – |
| P/E (trailing) | – | 1.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTS | WETH |
|---|---|---|
| 2022 | -39.3% | – |
| 2023 | +25.1% | – |
| 2024 | +249.9% | – |
| 2025 | +244.2% | -24.3% |
| 2026 | -15.4% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTS and WETH good diversifiers for each other?
Reasonably. At 0.34, ASTS and WETH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASTS and WETH?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.01 over the last year and n/a over 5 years.
Is WETH a good diversifier for ASTS?
Reasonably. At 0.34, ASTS and WETH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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/asts-vs-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asts-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTS correlations · WETH correlations
