ASG vs LSPD: Correlation
How closely do Liberty All-Star Growth Fund, Inc. (ASG) and Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and LSPD?
Over the past 3 years, ASG and LSPD moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 500.4 %².
Among the 52 assets we track against ASG, LSPD ranks #27 by 3-year correlation. The trailing year gives ASG the advantage: +3.3% versus -11.6%, a 14.9-point spread. Note the risk asymmetry: LSPD runs 2.6 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 LSPD: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +3.3% | -11.6% |
| 5-year return | -5.6% | -90.0% |
| Volatility (ann.) | 18.3% | 48.1% |
| Beta vs S&P 500 | 1.12 | 1.83 |
| Max drawdown (3Y) | -25.3% | -62.7% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | LSPD |
|---|---|---|
| 2022 | -40.9% | -64.6% |
| 2023 | +16.2% | +46.8% |
| 2024 | +16.8% | -27.4% |
| 2025 | +2.2% | -20.7% |
| 2026 | +6.0% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and LSPD good diversifiers for each other?
To a limited degree. At 0.57 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 LSPD?
As of 2026-08-27, the correlation of weekly returns between ASG and LSPD is 0.57 over 3 years, 0.48 over 1 year and 0.62 over 5 years.
Is LSPD a good diversifier for ASG?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 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
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[](https://www.pairbook.io/pair/asg-vs-lspd/)
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Related comparisons
Hubs: ASG correlations · LSPD correlations
