ASG vs CVNA: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and Carvana (CVNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and CVNA?
Over the past 3 years, ASG and CVNA moved with a correlation of 0.56, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.56 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 749.7 %².
By 3-year correlation, CVNA places #28 of the 52 assets tracked against ASG. Twelve-month performance is nearly a tie, at +3.3% for ASG and +0.8% for CVNA. Risk is not evenly split, since CVNA carries 4.0 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 CVNA: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | CVNA (Carvana) | |
|---|---|---|
| 1-year return | +3.3% | +0.8% |
| 5-year return | -5.6% | +9.7% |
| Volatility (ann.) | 18.3% | 73.7% |
| Beta vs S&P 500 | 1.12 | 2.66 |
| Max drawdown (3Y) | -25.3% | -53.5% |
| Market cap | $0.3B | $82.1B |
| P/E (trailing) | 23.9 | 39.0 |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ASG | CVNA |
|---|---|---|
| 2022 | -40.9% | -98.0% |
| 2023 | +16.2% | +1016.9% |
| 2024 | +16.8% | +284.1% |
| 2025 | +2.2% | +107.5% |
| 2026 | +6.0% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and CVNA good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ASG and CVNA?
As of 2026-08-27, the correlation of weekly returns between ASG and CVNA is 0.56 over 3 years, 0.69 over 1 year and 0.56 over 5 years.
Is CVNA a good diversifier for ASG?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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-cvna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asg-vs-cvna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASG correlations · CVNA correlations
