ASG vs XYZ: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and Block, Inc. (XYZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and XYZ?
Over the past 3 years, ASG and XYZ moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 487.7 %².
Within ASG's tracked universe of 52 assets, XYZ comes in at #36 by 3-year correlation. Neither side won the trailing year by much: +3.3% against +6.9%. Note the risk asymmetry: XYZ runs 2.7 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 XYZ: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | +6.9% |
| 5-year return | -5.6% | -68.8% |
| Volatility (ann.) | 18.3% | 50.2% |
| Beta vs S&P 500 | 1.12 | 1.80 |
| Max drawdown (3Y) | -25.3% | -53.0% |
| Market cap | $0.3B | $51.0B |
| P/E (trailing) | 23.9 | 151.5 |
| Dividend yield | 8.76% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ASG | XYZ |
|---|---|---|
| 2022 | -40.9% | -61.1% |
| 2023 | +16.2% | +23.1% |
| 2024 | +16.8% | +9.9% |
| 2025 | +2.2% | -23.4% |
| 2026 | +6.0% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and XYZ good diversifiers for each other?
Only partially. A correlation of 0.53 means ASG and XYZ 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 XYZ?
As of 2026-08-27, the correlation of weekly returns between ASG and XYZ is 0.53 over 3 years, 0.50 over 1 year and 0.64 over 5 years.
Is XYZ a good diversifier for ASG?
Only partially. A correlation of 0.53 means ASG and XYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asg-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASG correlations · XYZ correlations
