ASG vs CRH: Correlation
Measured on weekly returns over the past three years, Liberty All-Star Growth Fund, Inc. (ASG) and CRH plc (CRH) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and CRH?
On 3 years of weekly data the ASG/CRH correlation comes out at 0.64, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.64 over 3. The 5-year figure is 0.58, and annualized covariance runs at 345.3 %².
By 3-year correlation, CRH places #17 of the 52 assets tracked against ASG. Their recent paths diverged sharply: over the last 12 months ASG outperformed by 17.9 percentage points (+3.3% for ASG against -14.6% for CRH). Risk is not evenly split, since CRH carries 1.6 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.
ASG vs CRH: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | CRH (CRH plc) | |
|---|---|---|
| 1-year return | +3.3% | -14.6% |
| 5-year return | -5.6% | +104.1% |
| Volatility (ann.) | 18.3% | 29.7% |
| Beta vs S&P 500 | 1.12 | 1.26 |
| Max drawdown (3Y) | -25.3% | -28.4% |
| Market cap | $0.3B | $63.6B |
| P/E (trailing) | 23.9 | 17.2 |
| Dividend yield | 8.76% | 1.57% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ASG | CRH |
|---|---|---|
| 2022 | -40.9% | -20.5% |
| 2023 | +16.2% | +81.3% |
| 2024 | +16.8% | +35.9% |
| 2025 | +2.2% | +35.9% |
| 2026 | +6.0% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and CRH good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASG and CRH?
The ASG/CRH correlation stands at 0.64 on a 3-year window (1 year: 0.57, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is CRH a good diversifier for ASG?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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-crh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asg-vs-crh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASG correlations · CRH correlations
