ASG vs DASH: Correlation
How closely do Liberty All-Star Growth Fund, Inc. (ASG) and DoorDash (DASH) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and DASH?
Across a 3-year window, the weekly returns of ASG and DASH correlate at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.58 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 465.1 %².
Among the 52 assets we track against ASG, DASH ranks #24 by 3-year correlation. On 12-month performance ASG holds a 8.9-point edge, +3.3% against -5.6%. One caveat on sizing: DASH is 2.4 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 DASH: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | DASH (DoorDash) | |
|---|---|---|
| 1-year return | +3.3% | -5.6% |
| 5-year return | -5.6% | +20.3% |
| Volatility (ann.) | 18.3% | 44.1% |
| Beta vs S&P 500 | 1.12 | 1.73 |
| Max drawdown (3Y) | -25.3% | -48.0% |
| Market cap | $0.3B | $101.0B |
| P/E (trailing) | 23.9 | 123.3 |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ASG | DASH |
|---|---|---|
| 2022 | -40.9% | -67.2% |
| 2023 | +16.2% | +102.6% |
| 2024 | +16.8% | +69.6% |
| 2025 | +2.2% | +35.0% |
| 2026 | +6.0% | +2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and DASH good diversifiers for each other?
To a limited degree. At 0.58 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 DASH?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.47 over the last year and 0.61 over 5 years.
Is DASH a good diversifier for ASG?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asg-vs-dash.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asg-vs-dash/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASG correlations · DASH correlations
