ASG vs EMR: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and Emerson Electric (EMR) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and EMR?
Across a 3-year window, the weekly returns of ASG and EMR correlate at 0.69, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 354.6 %².
By 3-year correlation, EMR places #15 of the 52 assets tracked against ASG. The last year tells two different stories: EMR led by 16.7 percentage points, +3.3% for ASG against +20.0% for EMR. Note the risk asymmetry: EMR runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EMR: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | EMR (Emerson Electric) | |
|---|---|---|
| 1-year return | +3.3% | +20.0% |
| 5-year return | -5.6% | +65.4% |
| Volatility (ann.) | 18.3% | 28.3% |
| Beta vs S&P 500 | 1.12 | 1.29 |
| Max drawdown (3Y) | -25.3% | -29.6% |
| Market cap | $0.3B | $88.0B |
| P/E (trailing) | 23.9 | 34.5 |
| Dividend yield | 8.76% | 1.39% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ASG | EMR |
|---|---|---|
| 2022 | -40.9% | +5.7% |
| 2023 | +16.2% | +3.8% |
| 2024 | +16.8% | +29.7% |
| 2025 | +2.2% | +8.9% |
| 2026 | +6.0% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and EMR good diversifiers for each other?
Only partially. A correlation of 0.69 means ASG and EMR 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 EMR?
As of 2026-08-27, the correlation of weekly returns between ASG and EMR is 0.69 over 3 years, 0.62 over 1 year and 0.62 over 5 years.
Is EMR a good diversifier for ASG?
Only partially. A correlation of 0.69 means ASG and EMR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
A reading of 0.69 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-emr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asg-vs-emr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASG correlations · EMR correlations
