ASG vs RL: Correlation
How closely do Liberty All-Star Growth Fund, Inc. (ASG) and Ralph Lauren Corporation (RL) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and RL?
Across a 3-year window, the weekly returns of ASG and RL correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 337.2 %².
Among the 52 assets we track against ASG, RL ranks #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RL outperformed by 17.4 percentage points (+3.3% for ASG against +20.7% for RL). Note the risk asymmetry: RL runs 1.8 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 RL: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | RL (Ralph Lauren Corporation) | |
|---|---|---|
| 1-year return | +3.3% | +20.7% |
| 5-year return | -5.6% | +232.5% |
| Volatility (ann.) | 18.3% | 33.6% |
| Beta vs S&P 500 | 1.12 | 1.07 |
| Max drawdown (3Y) | -25.3% | -36.2% |
| Market cap | $0.3B | $21.0B |
| P/E (trailing) | 23.9 | 22.8 |
| Dividend yield | 8.76% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ASG | RL |
|---|---|---|
| 2022 | -40.9% | -8.4% |
| 2023 | +16.2% | +39.8% |
| 2024 | +16.8% | +62.9% |
| 2025 | +2.2% | +55.0% |
| 2026 | +6.0% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and RL good diversifiers for each other?
Only partially. A correlation of 0.55 means ASG and RL 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 RL?
The ASG/RL correlation stands at 0.55 on a 3-year window (1 year: 0.52, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is RL a good diversifier for ASG?
Only partially. A correlation of 0.55 means ASG and RL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
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Related comparisons
Hubs: ASG correlations · RL correlations
