ARBE vs ASG: Correlation
How closely do Arbe Robotics Ltd. (ARBE) and Liberty All-Star Growth Fund, Inc. (ASG) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBE and ASG?
Over the past 3 years, ARBE and ASG moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 686.0 %².
In ARBE's tracked universe of 14 assets, ASG sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ASG ahead by 55.4 points (-52.1% versus +3.3%). Risk is not evenly split, since ARBE carries 4.8 times the volatility of the other side.
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.
ARBE vs ASG: side by side
| ARBE (Arbe Robotics Ltd.) | ASG (Liberty All-Star Growth Fund, Inc.) | |
|---|---|---|
| 1-year return | -52.1% | +3.3% |
| 5-year return | -93.4% | -5.6% |
| Volatility (ann.) | 87.7% | 18.3% |
| Beta vs S&P 500 | 2.41 | 1.12 |
| Max drawdown (3Y) | -86.1% | -25.3% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 23.9 |
| Dividend yield | 0.00% | 8.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARBE | ASG |
|---|---|---|
| 2022 | -63.3% | -40.9% |
| 2023 | -36.1% | +16.2% |
| 2024 | -14.7% | +16.8% |
| 2025 | -36.6% | +2.2% |
| 2026 | -43.6% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBE and ASG good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARBE and ASG?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.38 over the last year and 0.29 over 5 years.
Is ASG a good diversifier for ARBE?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/arbe-vs-asg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arbe-vs-asg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARBE correlations · ASG correlations
