ASG vs PHR: Correlation
Measured on weekly returns over the past three years, Liberty All-Star Growth Fund, Inc. (ASG) and Phreesia, Inc. (PHR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and PHR?
Across a 3-year window, the weekly returns of ASG and PHR correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.50 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 523.2 %².
By 3-year correlation, PHR places #38 of the 52 assets tracked against ASG. Correlation aside, the last 12 months split them widely, with ASG ahead by 66.2 points (+3.3% versus -62.9%). Note the risk asymmetry: PHR runs 3.1 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 PHR: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | PHR (Phreesia, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -62.9% |
| 5-year return | -5.6% | -83.5% |
| Volatility (ann.) | 18.3% | 57.6% |
| Beta vs S&P 500 | 1.12 | 1.57 |
| Max drawdown (3Y) | -25.3% | -75.2% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | 23.9 | 74.1 |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | PHR |
|---|---|---|
| 2022 | -40.9% | -22.3% |
| 2023 | +16.2% | -28.5% |
| 2024 | +16.8% | +8.7% |
| 2025 | +2.2% | -32.8% |
| 2026 | +6.0% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and PHR good diversifiers for each other?
To a limited degree. At 0.50 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 PHR?
As of 2026-08-27, the correlation of weekly returns between ASG and PHR is 0.50 over 3 years, 0.34 over 1 year and 0.53 over 5 years.
Is PHR a good diversifier for ASG?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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-phr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ASG correlations · PHR correlations
