ACV vs ASG: Correlation
Measured on weekly returns over the past three years, Virtus Diversified Income & Convertible Fund (ACV) and Liberty All-Star Growth Fund, Inc. (ASG) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACV and ASG?
Across a 3-year window, the weekly returns of ACV and ASG correlate at 0.79, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 279.6 %².
Few assets follow ACV as closely as ASG, which ranks #1 of 17 tracked partners. Correlation aside, the last 12 months split them widely, with ACV ahead by 24.1 points (+27.4% versus +3.3%).
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.
ACV vs ASG: side by side
| ACV (Virtus Diversified Income & Convertible Fund) | ASG (Liberty All-Star Growth Fund, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | +3.3% |
| 5-year return | +45.0% | -5.6% |
| Volatility (ann.) | 19.4% | 18.3% |
| Beta vs S&P 500 | 1.02 | 1.12 |
| Max drawdown (3Y) | -23.5% | -25.3% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 5.1 | 23.9 |
| Dividend yield | 0.00% | 8.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACV | ASG |
|---|---|---|
| 2022 | -36.0% | -40.9% |
| 2023 | +26.0% | +16.2% |
| 2024 | +15.4% | +16.8% |
| 2025 | +33.7% | +2.2% |
| 2026 | +7.0% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACV and ASG good diversifiers for each other?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACV and ASG?
As of 2026-08-27, the correlation of weekly returns between ACV and ASG is 0.79 over 3 years, 0.71 over 1 year and 0.74 over 5 years.
Is ASG a good diversifier for ACV?
To a limited degree. At 0.79 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.79 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/acv-vs-asg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acv-vs-asg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACV correlations · ASG correlations
