ASGI vs AWP: Correlation
How closely do abrdn Global Infrastructure Income Fund (ASGI) and abrdn Global Premier Properties Fund (AWP) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASGI and AWP?
On 3 years of weekly data the ASGI/AWP correlation comes out at 0.69, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.69 over 3. The 5-year figure is 0.70, and annualized covariance runs at 301.6 %².
In ASGI's tracked universe of 10 assets, AWP sits right near the top at #1. The last year tells two different stories: ASGI led by 25.3 percentage points, +35.4% for ASGI against +10.1% for AWP.
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.
ASGI vs AWP: side by side
| ASGI (abrdn Global Infrastructure Income Fund) | AWP (abrdn Global Premier Properties Fund) | |
|---|---|---|
| 1-year return | +35.4% | +10.1% |
| 5-year return | +97.5% | +2.9% |
| Volatility (ann.) | 19.0% | 23.0% |
| Beta vs S&P 500 | 0.50 | 0.73 |
| Max drawdown (3Y) | -15.1% | -23.1% |
| Market cap | $0.8B | $0.4B |
| P/E (trailing) | 4.8 | 6.6 |
| Dividend yield | 0.00% | 12.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASGI | AWP |
|---|---|---|
| 2022 | -10.5% | -37.1% |
| 2023 | +14.5% | +12.6% |
| 2024 | +10.3% | +12.2% |
| 2025 | +44.2% | +12.4% |
| 2026 | +20.2% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASGI and AWP good diversifiers for each other?
Only partially. A correlation of 0.69 means ASGI and AWP 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 ASGI and AWP?
The ASGI/AWP correlation stands at 0.69 on a 3-year window (1 year: 0.65, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is AWP a good diversifier for ASGI?
Only partially. A correlation of 0.69 means ASGI and AWP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ASGI correlations · AWP correlations
