AISP vs. ASA

Last updated Jun 23, 2026

AISP (Airship AI Holdings Inc) and ASA (ASA Gold and Precious Metals Limited) are both stocks. AISP operates in Software - Infrastructure (Technology), while ASA operates in Asset Management (Financial Services). Over the past 5 years, AISP returned -21.66%/yr vs 21.94%/yr for ASA. At a 0.04 correlation, their price movements are largely independent.

Performance

AISP vs. ASA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Airship AI Holdings Inc (AISP) and ASA Gold and Precious Metals Limited (ASA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AISP achieves a -1.04% return, which is significantly higher than ASA's -2.00% return.

AISP

• 1D: -1.38%
• 1M: 11.72%
• YTD: -1.04%
• 6M: -4.67%
• 1Y: -45.42%
• 3Y*: -36.56%
• 5Y*: -21.66%
• 10Y*: —

ASA

• 1D: -1.30%
• 1M: -1.85%
• YTD: -2.00%
• 6M: -5.06%
• 1Y: 79.54%
• 3Y*: 58.58%
• 5Y*: 21.94%
• 10Y*: 15.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AISP vs. ASA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AISP Airship AI Holdings Inc	-1.04%	-53.83%	268.24%	-83.13%	2.96%	-1.21%
ASA ASA Gold and Precious Metals Limited	-2.00%	195.60%	34.55%	5.38%	-32.06%	-7.42%

Correlation

The correlation between AISP and ASA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 10, 2021	0.04

The correlation between AISP and ASA shifts across timeframes, from 0.04 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AISP : $98.33M ASA : $1.10B
EPS AISP : -$19.47 ASA : $42.09
PS Ratio AISP : 10.70 ASA : 8.02
Total Revenue (TTM) AISP : $9.82M ASA : $137.30M
Gross Profit (TTM) AISP : $3.17B ASA : $3.98M
EBITDA (TTM) AISP : -$1.61B ASA : $444.29M

Return for Risk

AISP vs. ASA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AISP

AISP Risk / Return Rank: 20
AISP Sharpe Ratio Rank: 18
AISP Sortino Ratio Rank: 20
AISP Omega Ratio Rank: 22
AISP Calmar Ratio Rank: 18
AISP Martin Ratio Rank: 23

ASA

ASA Risk / Return Rank: 79
ASA Sharpe Ratio Rank: 84
ASA Sortino Ratio Rank: 77
ASA Omega Ratio Rank: 77
ASA Calmar Ratio Rank: 78
ASA Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AISP vs. ASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airship AI Holdings Inc (AISP) and ASA Gold and Precious Metals Limited (ASA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AISP	ASA	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	1.62	-2.16
Sortino ratio: Return per unit of downside risk	-0.49	2.00	-2.49
Omega ratio: Gain probability vs. loss probability	0.95	1.27	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.65	2.25	-2.90
Martin ratio: Return relative to average drawdown	-0.94	5.96	-6.91

AISP vs. ASA - Sharpe Ratio Comparison

The current AISP Sharpe Ratio is -0.54, which is lower than the ASA Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of AISP and ASA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AISP vs. ASA - Drawdown Comparison

The maximum AISP drawdown since its inception was -87.56%, which is greater than ASA's maximum drawdown of -80.36%. Use the drawdown chart below to compare losses from any high point for AISP and ASA.

Drawdown Indicators

	AISP	ASA	Difference
Max Drawdown Largest peak-to-trough decline	-87.56%	-80.36%	-7.20%
Max Drawdown (1Y) Largest decline over 1 year	-70.34%	-35.50%	-34.84%
Max Drawdown (3Y) Largest decline over 3 years	-87.50%	-35.50%	-52.00%
Max Drawdown (5Y) Largest decline over 5 years	-87.56%	-48.43%	-39.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.66%	—
Current Drawdown Current decline from peak	-78.77%	-28.06%	-50.71%
Average Drawdown Average peak-to-trough decline	-35.44%	-42.52%	+7.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.15%	13.38%	+34.77%

Volatility

AISP vs. ASA - Volatility Comparison

Airship AI Holdings Inc (AISP) has a higher volatility of 26.33% compared to ASA Gold and Precious Metals Limited (ASA) at 17.84%. This indicates that AISP's price experiences larger fluctuations and is considered to be riskier than ASA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AISP	ASA	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.33%	17.84%	+8.49%
Volatility (6M) Calculated over the trailing 6-month period	57.99%	41.21%	+16.78%
Volatility (1Y) Calculated over the trailing 1-year period	84.35%	49.38%	+34.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.62%	35.56%	+93.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.09%	35.61%	+91.48%

Dividends

AISP vs. ASA - Dividend Comparison

AISP has not paid dividends to shareholders, while ASA's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AISP Airship AI Holdings Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASA ASA Gold and Precious Metals Limited	0.12%	0.10%	0.20%	0.13%	0.14%	0.09%	0.09%	0.15%	0.32%	0.35%	0.36%	0.56%

Financials

Frequently Asked Questions

Can I hold both AISP and ASA in my portfolio?

AISP and ASA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AISP or ASA?

AISP has higher volatility (26.33%) compared to ASA (17.84%). In terms of maximum drawdown, AISP dropped -87.56% vs ASA's -80.36%.

Which has better risk-adjusted returns?

ASA currently has the higher Sharpe Ratio (1.62 vs -0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.