ACVA vs ASG: Correlation
ACV Auctions Inc. (ACVA) and Liberty All-Star Growth Fund, Inc. (ASG) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and ASG?
Over the past 3 years, ACVA and ASG moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 548.2 %².
Few assets follow ACVA as closely as ASG, which ranks #1 of 14 tracked partners. The last year tells two different stories: ASG led by 40.6 percentage points, -37.3% for ACVA against +3.3% for ASG. One caveat on sizing: ACVA is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACVA vs ASG: side by side
| ACVA (ACV Auctions Inc.) | ASG (Liberty All-Star Growth Fund, Inc.) | |
|---|---|---|
| 1-year return | -37.3% | +3.3% |
| 5-year return | -64.2% | -5.6% |
| Volatility (ann.) | 57.0% | 18.3% |
| Beta vs S&P 500 | 1.76 | 1.12 |
| Max drawdown (3Y) | -82.1% | -25.3% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 0.00% | 8.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACVA | ASG |
|---|---|---|
| 2022 | -56.4% | -40.9% |
| 2023 | +84.5% | +16.2% |
| 2024 | +42.6% | +16.8% |
| 2025 | -62.9% | +2.2% |
| 2026 | -10.0% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and ASG good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACVA and ASG?
The ACVA/ASG correlation stands at 0.53 on a 3-year window (1 year: 0.50, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is ASG a good diversifier for ACVA?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/acva-vs-asg.json
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[](https://www.pairbook.io/pair/acva-vs-asg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACVA correlations · ASG correlations
