ASG vs AVK: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and Advent Convertible and Income Fund (AVK) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and AVK?
Across a 3-year window, the weekly returns of ASG and AVK correlate at 0.76, strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.76 over 3. Stretching to 5 years gives 0.75, with an annualized covariance of 231.5 %².
By 3-year correlation, AVK places #12 of the 52 assets tracked against ASG. On 12-month performance AVK holds a 9.3-point edge, +3.3% against +12.6%.
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.
ASG vs AVK: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | AVK (Advent Convertible and Income Fund) | |
|---|---|---|
| 1-year return | +3.3% | +12.6% |
| 5-year return | -5.6% | +28.2% |
| Volatility (ann.) | 18.3% | 16.6% |
| Beta vs S&P 500 | 1.12 | 0.83 |
| Max drawdown (3Y) | -25.3% | -17.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | 23.9 | 3.8 |
| Dividend yield | 8.76% | 11.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | AVK |
|---|---|---|
| 2022 | -40.9% | -34.5% |
| 2023 | +16.2% | +18.1% |
| 2024 | +16.8% | +19.4% |
| 2025 | +2.2% | +19.6% |
| 2026 | +6.0% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and AVK good diversifiers for each other?
Only partially. A correlation of 0.76 means ASG and AVK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ASG and AVK?
As of 2026-08-27, the correlation of weekly returns between ASG and AVK is 0.76 over 3 years, 0.82 over 1 year and 0.75 over 5 years.
Is AVK a good diversifier for ASG?
Only partially. A correlation of 0.76 means ASG and AVK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asg-vs-avk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asg-vs-avk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASG correlations · AVK correlations
