ASG vs VOO: Correlation
How closely do Liberty All-Star Growth Fund, Inc. (ASG) and Vanguard S&P 500 ETF (VOO) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and VOO?
Across a 3-year window, the weekly returns of ASG and VOO correlate at 0.89, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.89 over 3. Stretching to 5 years gives 0.85, with an annualized covariance of 233.2 %².
Among the 52 assets we track against ASG, VOO ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VOO ahead by 17.3 points (+3.3% versus +20.6%).
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 VOO: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +3.3% | +20.6% |
| 5-year return | -5.6% | +83.0% |
| Volatility (ann.) | 18.3% | 14.4% |
| Beta vs S&P 500 | 1.12 | 0.99 |
| Max drawdown (3Y) | -25.3% | -18.7% |
| Market cap | $0.3B | – |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 8.76% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | US Listed | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | ASG | VOO |
|---|---|---|
| 2022 | -40.9% | -18.2% |
| 2023 | +16.2% | +26.3% |
| 2024 | +16.8% | +25.0% |
| 2025 | +2.2% | +17.8% |
| 2026 | +6.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and VOO good diversifiers for each other?
No. With a correlation of 0.89, ASG and VOO move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ASG and VOO?
As of 2026-08-27, the correlation of weekly returns between ASG and VOO is 0.89 over 3 years, 0.88 over 1 year and 0.85 over 5 years.
Is VOO a good diversifier for ASG?
No. With a correlation of 0.89, ASG and VOO move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
A reading of 0.89 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASG correlations · VOO correlations
