ASG vs CPRT: Correlation
Measured on weekly returns over the past three years, Liberty All-Star Growth Fund, Inc. (ASG) and Copart (CPRT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and CPRT?
On 3 years of weekly data the ASG/CPRT correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.49). The 5-year figure is 0.57, and annualized covariance runs at 231.6 %².
By 3-year correlation, CPRT places #39 of the 52 assets tracked against ASG. Correlation aside, the last 12 months split them widely, with ASG ahead by 35.9 points (+3.3% versus -32.6%).
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 CPRT: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | CPRT (Copart) | |
|---|---|---|
| 1-year return | +3.3% | -32.6% |
| 5-year return | -5.6% | -9.3% |
| Volatility (ann.) | 18.3% | 26.0% |
| Beta vs S&P 500 | 1.12 | 0.86 |
| Max drawdown (3Y) | -25.3% | -57.4% |
| Market cap | $0.3B | $30.3B |
| P/E (trailing) | 23.9 | 20.2 |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ASG | CPRT |
|---|---|---|
| 2022 | -40.9% | -19.7% |
| 2023 | +16.2% | +60.9% |
| 2024 | +16.8% | +17.1% |
| 2025 | +2.2% | -31.8% |
| 2026 | +6.0% | -16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and CPRT good diversifiers for each other?
Reasonably. At 0.49, ASG and CPRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASG and CPRT?
The ASG/CPRT correlation stands at 0.49 on a 3-year window (1 year: 0.31, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is CPRT a good diversifier for ASG?
Reasonably. At 0.49, ASG and CPRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-cprt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asg-vs-cprt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASG correlations · CPRT correlations
