ASG vs BTX: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and BlackRock Technology and Private Equity Term Trust (BTX) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and BTX?
On 3 years of weekly data the ASG/BTX correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 331.7 %².
By 3-year correlation, BTX places #14 of the 52 assets tracked against ASG. The last year tells two different stories: BTX led by 36.2 percentage points, +3.3% for ASG against +39.5% for BTX.
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 BTX: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | BTX (BlackRock Technology and Private Equity Term Trust) | |
|---|---|---|
| 1-year return | +3.3% | +39.5% |
| 5-year return | -5.6% | -21.7% |
| Volatility (ann.) | 18.3% | 24.4% |
| Beta vs S&P 500 | 1.12 | 1.23 |
| Max drawdown (3Y) | -25.3% | -31.7% |
| Market cap | $0.3B | $1.1B |
| P/E (trailing) | 23.9 | 23.8 |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | BTX |
|---|---|---|
| 2022 | -40.9% | -47.8% |
| 2023 | +16.2% | +19.3% |
| 2024 | +16.8% | +13.4% |
| 2025 | +2.2% | +0.9% |
| 2026 | +6.0% | +45.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and BTX good diversifiers for each other?
Only partially. A correlation of 0.74 means ASG and BTX 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 BTX?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.66 over the last year and 0.77 over 5 years.
Is BTX a good diversifier for ASG?
Only partially. A correlation of 0.74 means ASG and BTX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 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/asg-vs-btx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asg-vs-btx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASG correlations · BTX correlations
