APG vs ASG: Correlation
Measured on weekly returns over the past three years, APi Group Corporation (APG) and Liberty All-Star Growth Fund, Inc. (ASG) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APG and ASG?
Across a 3-year window, the weekly returns of APG and ASG correlate at 0.63, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 315.4 %².
ASG is one of the assets that tracks APG most closely: it ranks #3 out of the 12 assets we track against APG. The trailing year gives APG the advantage: +13.5% versus +3.3%, a 10.2-point spread.
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.
APG vs ASG: side by side
| APG (APi Group Corporation) | ASG (Liberty All-Star Growth Fund, Inc.) | |
|---|---|---|
| 1-year return | +13.5% | +3.3% |
| 5-year return | +165.2% | -5.6% |
| Volatility (ann.) | 27.2% | 18.3% |
| Beta vs S&P 500 | 1.14 | 1.12 |
| Max drawdown (3Y) | -22.2% | -25.3% |
| Market cap | $17.8B | $0.3B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 0.00% | 8.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APG | ASG |
|---|---|---|
| 2022 | -27.0% | -40.9% |
| 2023 | +83.9% | +16.2% |
| 2024 | +4.0% | +16.8% |
| 2025 | +59.5% | +2.2% |
| 2026 | +7.8% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APG and ASG good diversifiers for each other?
To a limited degree. At 0.63 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 APG and ASG?
As of 2026-08-27, the correlation of weekly returns between APG and ASG is 0.63 over 3 years, 0.62 over 1 year and 0.68 over 5 years.
Is ASG a good diversifier for APG?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apg-vs-asg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apg-vs-asg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APG correlations · ASG correlations
