ASG vs BA: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and Boeing (BA) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and BA?
On 3 years of weekly data the ASG/BA correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 382.3 %².
Among the 52 assets we track against ASG, BA ranks #25 by 3-year correlation. Over the last 12 months ASG came out ahead by 14.2 percentage points (+3.3% against -10.9%). One caveat on sizing: BA is 2.0 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.
ASG vs BA: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | BA (Boeing) | |
|---|---|---|
| 1-year return | +3.3% | -10.9% |
| 5-year return | -5.6% | -3.6% |
| Volatility (ann.) | 18.3% | 36.4% |
| Beta vs S&P 500 | 1.12 | 1.43 |
| Max drawdown (3Y) | -25.3% | -48.3% |
| Market cap | $0.3B | $165.9B |
| P/E (trailing) | 23.9 | 76.3 |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ASG | BA |
|---|---|---|
| 2022 | -40.9% | -5.4% |
| 2023 | +16.2% | +36.8% |
| 2024 | +16.8% | -32.1% |
| 2025 | +2.2% | +22.7% |
| 2026 | +6.0% | -3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and BA good diversifiers for each other?
Only partially. A correlation of 0.57 means ASG and BA 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 BA?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.63 over the last year and 0.45 over 5 years.
Is BA a good diversifier for ASG?
Only partially. A correlation of 0.57 means ASG and BA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/asg-vs-ba.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asg-vs-ba/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASG correlations · BA correlations
