ASG vs PNR: Correlation
How closely do Liberty All-Star Growth Fund, Inc. (ASG) and Pentair (PNR) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and PNR?
On 3 years of weekly data the ASG/PNR correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.59). The 5-year figure is 0.61, and annualized covariance runs at 303.8 %².
Among the 52 assets we track against ASG, PNR ranks #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASG outperformed by 45.8 percentage points (+3.3% for ASG against -42.5% for PNR). Risk is not evenly split, since PNR carries 1.5 times the volatility of the other side.
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 PNR: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | PNR (Pentair) | |
|---|---|---|
| 1-year return | +3.3% | -42.5% |
| 5-year return | -5.6% | -14.1% |
| Volatility (ann.) | 18.3% | 28.2% |
| Beta vs S&P 500 | 1.12 | 1.07 |
| Max drawdown (3Y) | -25.3% | -45.0% |
| Market cap | $0.3B | $9.9B |
| P/E (trailing) | 23.9 | 16.2 |
| Dividend yield | 8.76% | 1.65% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ASG | PNR |
|---|---|---|
| 2022 | -40.9% | -37.4% |
| 2023 | +16.2% | +64.2% |
| 2024 | +16.8% | +40.0% |
| 2025 | +2.2% | +4.5% |
| 2026 | +6.0% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and PNR good diversifiers for each other?
To a limited degree. At 0.59 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 PNR?
The ASG/PNR correlation stands at 0.59 on a 3-year window (1 year: 0.41, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is PNR a good diversifier for ASG?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asg-vs-pnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asg-vs-pnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASG correlations · PNR correlations
