ASG vs KRNT: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and Kornit Digital Ltd. (KRNT) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and KRNT?
On 3 years of weekly data the ASG/KRNT correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.61 over 3 years. The 5-year figure is 0.60, and annualized covariance runs at 592.4 %².
By 3-year correlation, KRNT places #21 of the 52 assets tracked against ASG. On 12-month performance KRNT holds a 8.8-point edge, +3.3% against +12.1%. Note the risk asymmetry: KRNT runs 2.9 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 KRNT: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | KRNT (Kornit Digital Ltd.) | |
|---|---|---|
| 1-year return | +3.3% | +12.1% |
| 5-year return | -5.6% | -87.2% |
| Volatility (ann.) | 18.3% | 53.2% |
| Beta vs S&P 500 | 1.12 | 2.06 |
| Max drawdown (3Y) | -25.3% | -62.6% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | KRNT |
|---|---|---|
| 2022 | -40.9% | -84.9% |
| 2023 | +16.2% | -16.6% |
| 2024 | +16.8% | +61.5% |
| 2025 | +2.2% | -53.5% |
| 2026 | +6.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and KRNT good diversifiers for each other?
Only partially. A correlation of 0.61 means ASG and KRNT 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 KRNT?
The ASG/KRNT correlation stands at 0.61 on a 3-year window (1 year: 0.48, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is KRNT a good diversifier for ASG?
Only partially. A correlation of 0.61 means ASG and KRNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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.
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Related comparisons
Hubs: ASG correlations · KRNT correlations
