CPRT vs USA: Correlation
Measured on weekly returns over the past three years, Copart (CPRT) and Liberty All-Star Equity Fund (USA) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPRT and USA?
Across a 3-year window, the weekly returns of CPRT and USA correlate at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.51 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 203.4 %².
By 3-year correlation, USA places #5 of the 35 assets tracked against CPRT. The last year tells two different stories: USA led by 34.2 percentage points, -32.6% for CPRT against +1.6% for USA. Risk is not evenly split, since CPRT carries 1.7 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.
CPRT vs USA: side by side
| CPRT (Copart) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | -32.6% | +1.6% |
| 5-year return | -9.3% | +18.1% |
| Volatility (ann.) | 26.0% | 15.2% |
| Beta vs S&P 500 | 0.86 | 0.89 |
| Max drawdown (3Y) | -57.4% | -17.7% |
| Market cap | $30.3B | – |
| P/E (trailing) | 20.2 | 10.7 |
| Dividend yield | 0.00% | 11.19% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CPRT | USA |
|---|---|---|
| 2022 | -19.7% | -25.2% |
| 2023 | +60.9% | +23.2% |
| 2024 | +17.1% | +20.8% |
| 2025 | -31.8% | +0.1% |
| 2026 | -16.3% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPRT and USA good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CPRT and USA?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.33 over the last year and 0.56 over 5 years.
Is USA a good diversifier for CPRT?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cprt-vs-usa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cprt-vs-usa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPRT correlations · USA correlations
