ASG vs RSKD: Correlation
How closely do Liberty All-Star Growth Fund, Inc. (ASG) and Riskified Ltd. Class A (RSKD) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and RSKD?
Over the past 3 years, ASG and RSKD moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 339.0 %².
By 3-year correlation, RSKD places #42 of the 52 assets tracked against ASG. The last year tells two different stories: RSKD led by 28.3 percentage points, +3.3% for ASG against +31.6% for RSKD. Risk is not evenly split, since RSKD carries 2.1 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 RSKD: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | RSKD (Riskified Ltd. Class A) | |
|---|---|---|
| 1-year return | +3.3% | +31.6% |
| 5-year return | -5.6% | -81.3% |
| Volatility (ann.) | 18.3% | 38.0% |
| Beta vs S&P 500 | 1.12 | 1.09 |
| Max drawdown (3Y) | -25.3% | -42.2% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | RSKD |
|---|---|---|
| 2022 | -40.9% | -41.2% |
| 2023 | +16.2% | +1.3% |
| 2024 | +16.8% | +1.1% |
| 2025 | +2.2% | +5.1% |
| 2026 | +6.0% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and RSKD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASG and RSKD?
The ASG/RSKD correlation stands at 0.49 on a 3-year window (1 year: 0.51, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is RSKD a good diversifier for ASG?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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 · RSKD correlations
