CIX vs USA: Correlation
How closely do CompX International Inc. (CIX) and Liberty All-Star Equity Fund (USA) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIX and USA?
Over the past 3 years, CIX and USA moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.31). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 284.4 %².
Among the 11 assets we track against CIX, USA ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CIX ahead by 30.1 points (+31.7% versus +1.6%). One caveat on sizing: CIX is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CIX vs USA: side by side
| CIX (CompX International Inc.) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | +31.7% | +1.6% |
| 5-year return | +117.2% | +18.1% |
| Volatility (ann.) | 59.7% | 15.2% |
| Beta vs S&P 500 | 0.98 | 0.89 |
| Max drawdown (3Y) | -43.9% | -17.7% |
| Market cap | $0.4B | – |
| P/E (trailing) | 18.0 | 10.7 |
| Dividend yield | 3.75% | 11.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIX | USA |
|---|---|---|
| 2022 | -8.0% | -25.2% |
| 2023 | +43.6% | +23.2% |
| 2024 | +14.7% | +20.8% |
| 2025 | -3.2% | +0.1% |
| 2026 | +40.3% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIX and USA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CIX and USA?
The CIX/USA correlation stands at 0.31 on a 3-year window (1 year: 0.20, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is USA a good diversifier for CIX?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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: CIX correlations · USA correlations
