UP vs. ASST

Last updated Jun 3, 2026

UP (Wheels Up Experience Inc.) and ASST (Asset Entities Inc. Class B Common Stock) are both stocks. UP operates in Airports & Air Services (Industrials), while ASST operates in Internet Content & Information (Communication Services). Over the past 3 years, UP returned -42.12%/yr vs -45.58%/yr for ASST. At a 0.18 correlation, their price movements are largely independent.

Performance

UP vs. ASST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wheels Up Experience Inc. (UP) and Asset Entities Inc. Class B Common Stock (ASST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UP achieves a -29.83% return, which is significantly lower than ASST's 9.21% return.

UP

• 1D: -6.50%
• 1M: 64.46%
• YTD: -29.83%
• 6M: -26.00%
• 1Y: -65.11%
• 3Y*: -42.12%
• 5Y*: -65.89%
• 10Y*: —

ASST

• 1D: -6.28%
• 1M: -1.16%
• YTD: 9.21%
• 6M: -22.13%
• 1Y: -88.52%
• 3Y*: -45.58%
• 5Y*: —
• 10Y*: —

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

UP vs. ASST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UP Wheels Up Experience Inc.	-29.83%	-60.22%	-51.90%	-74.78%
ASST Asset Entities Inc. Class B Common Stock	9.21%	50.46%	-84.65%	-82.00%

Correlation

The correlation between UP and ASST is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 6, 2023	0.18

The correlation between UP and ASST shifts across timeframes, from 0.18 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UP : $332.93M ASST : $993.48M
EPS UP : -$7.82 ASST : -$25.54
PS Ratio UP : 0.45 ASST : 75.95
Total Revenue (TTM) UP : $727.89M ASST : $5.73M
Gross Profit (TTM) UP : $27.38M ASST : -$7.43M
EBITDA (TTM) UP : -$176.99M ASST : -$304.63M

Return for Risk

UP vs. ASST — Risk / Return Rank

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

UP

UP Risk / Return Rank: 21
UP Sharpe Ratio Rank: 20
UP Sortino Ratio Rank: 25
UP Omega Ratio Rank: 26
UP Calmar Ratio Rank: 14
UP Martin Ratio Rank: 20

ASST

ASST Risk / Return Rank: 13
ASST Sharpe Ratio Rank: 17
ASST Sortino Ratio Rank: 13
ASST Omega Ratio Rank: 15
ASST Calmar Ratio Rank: 5
ASST Martin Ratio Rank: 15

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.

UP vs. ASST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wheels Up Experience Inc. (UP) 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.

	UP	ASST	Difference
Sharpe ratio Return per unit of total volatility	-0.48	-0.54	+0.06
Sortino ratio Return per unit of downside risk	-0.18	-0.86	+0.68
Omega ratio Gain probability vs. loss probability	0.98	0.91	+0.07
Calmar ratio Return relative to maximum drawdown	-0.70	-0.92	+0.22
Martin ratio Return relative to average drawdown	-1.00	-1.14	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UP vs. ASST - Sharpe Ratio Comparison

The current UP Sharpe Ratio is -0.48, which is comparable to the ASST Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of UP and ASST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UP	ASST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	-0.54	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.54	-0.19	-0.35

Drawdowns

UP vs. ASST - Drawdown Comparison

The maximum UP drawdown since its inception was -99.78%, roughly equal to the maximum ASST drawdown of -97.98%. Use the drawdown chart below to compare losses from any high point for UP and ASST.

Drawdown Indicators

	UP	ASST	Difference
Max Drawdown Largest peak-to-trough decline	-99.78%	-97.98%	-1.80%
Max Drawdown (1Y) Largest decline over 1 year	-92.39%	-95.98%	+3.59%
Max Drawdown (3Y) Largest decline over 3 years	-95.63%	-97.25%	+1.62%
Max Drawdown (5Y) Largest decline over 5 years	-99.78%	—	—
Current Drawdown Current decline from peak	-99.60%	-95.46%	-4.14%
Average Drawdown Average peak-to-trough decline	-78.84%	-84.08%	+5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	64.72%	77.54%	-12.82%

Volatility

UP vs. ASST - Volatility Comparison

Wheels Up Experience Inc. (UP) has a higher volatility of 50.40% compared to Asset Entities Inc. Class B Common Stock (ASST) at 22.24%. This indicates that UP's price experiences larger fluctuations and is considered to be riskier than ASST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UP	ASST	Difference
Volatility (1M) Calculated over the trailing 1-month period	50.40%	22.24%	+28.16%
Volatility (6M) Calculated over the trailing 6-month period	98.84%	81.53%	+17.31%
Volatility (1Y) Calculated over the trailing 1-year period	135.67%	165.22%	-29.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.96%	323.39%	-202.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.12%	323.39%	-208.27%

Dividends

UP vs. ASST - Dividend Comparison

Neither UP nor ASST has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both UP and ASST in my portfolio?

UP and ASST have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UP or ASST?

UP has higher volatility (50.40%) compared to ASST (22.24%). In terms of maximum drawdown, UP dropped -99.78% vs ASST's -97.98%.

Which has better risk-adjusted returns?

UP currently has the higher Sharpe Ratio (-0.48 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.