RWAY vs. ASST
RWAY (Runway Growth Finance Corp.) and ASST (Asset Entities Inc. Class B Common Stock) are both stocks. RWAY operates in Credit Services (Financial Services), while ASST operates in Internet Content & Information (Communication Services). Over the past 3 years, RWAY returned -11.17%/yr vs -59.43%/yr for ASST. At a 0.03 correlation, their price movements are largely independent.
Performance
RWAY vs. ASST - Performance Comparison
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Returns By Period
In the year-to-date period, RWAY achieves a -32.61% return, which is significantly lower than ASST's -21.27% return.
RWAY
- 1D
- 3.40%
- 1M
- -15.30%
- YTD
- -32.61%
- 6M
- -32.46%
- 1Y
- -39.19%
- 3Y*
- -11.17%
- 5Y*
- —
- 10Y*
- —
ASST
- 1D
- 2.47%
- 1M
- -34.24%
- YTD
- -21.27%
- 6M
- -24.88%
- 1Y
- -85.14%
- 3Y*
- -59.43%
- 5Y*
- —
- 10Y*
- —
RWAY vs. ASST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -32.61% | -6.56% | 1.65% | 13.58% |
ASST Asset Entities Inc. Class B Common Stock | -21.27% | 50.46% | -84.65% | -89.13% |
Correlation
The correlation between RWAY and ASST is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.03 |
The correlation between RWAY and ASST shifts across timeframes, from 0.03 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
RWAY:
$198.01M
ASST:
$716.14M
RWAY:
$0.89
ASST:
-$19.16
RWAY:
1.80
ASST:
72.97
RWAY:
$110.63M
ASST:
$5.73M
RWAY:
$105.16M
ASST:
-$7.43M
RWAY:
$74.86M
ASST:
-$304.63M
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Return for Risk
RWAY vs. ASST — Risk / Return Rank
RWAY
ASST
RWAY vs. ASST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) and Asset Entities Inc. Class B Common Stock (ASST). 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.
| RWAY | ASST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.93 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.89 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.80 | -1.06 | -0.74 |
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Drawdowns
RWAY vs. ASST - Drawdown Comparison
The maximum RWAY drawdown since its inception was -45.35%, smaller than the maximum ASST drawdown of -98.78%. Use the drawdown chart below to compare losses from any high point for RWAY and ASST.
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Drawdown Indicators
| RWAY | ASST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -98.78% | +53.43% |
Max Drawdown (1Y)Largest decline over 1 year | -45.35% | -95.98% | +50.63% |
Max Drawdown (3Y)Largest decline over 3 years | -45.35% | -97.25% | +51.90% |
Current DrawdownCurrent decline from peak | -43.06% | -98.02% | +54.96% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -90.48% | +79.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.77% | 80.34% | -58.57% |
Volatility
RWAY vs. ASST - Volatility Comparison
The current volatility for Runway Growth Finance Corp. (RWAY) is 11.71%, while Asset Entities Inc. Class B Common Stock (ASST) has a volatility of 25.82%. This indicates that RWAY experiences smaller price fluctuations and is considered to be less risky than ASST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWAY | ASST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 25.82% | -14.11% |
Volatility (6M)Calculated over the trailing 6-month period | 22.93% | 81.19% | -58.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.45% | 162.89% | -136.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.67% | 320.82% | -292.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.67% | 320.82% | -292.15% |
Dividends
RWAY vs. ASST - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 24.64%, while ASST has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ASST Asset Entities Inc. Class B Common Stock | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWAY Runway Growth Finance Corp. | 24.64% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% |
Financials
RWAY vs. ASST - Financials Comparison
This section allows you to compare key financial metrics between Runway Growth Finance Corp. and Asset Entities Inc. Class B Common Stock. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
RWAY and ASST have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASST has higher volatility (25.82%) compared to RWAY (11.71%). In terms of maximum drawdown, RWAY dropped -45.35% vs ASST's -98.78%.
ASST currently has the higher Sharpe Ratio (-0.52 vs -1.49), 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.
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