CRMT vs USA: Correlation
America's Car-Mart, Inc. (CRMT) and Liberty All-Star Equity Fund (USA) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMT and USA?
On 3 years of weekly data the CRMT/USA correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 520.1 %².
Among the 13 assets we track against CRMT, USA ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with USA ahead by 96.7 points (-95.1% versus +1.6%). Note the risk asymmetry: CRMT runs 5.2 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.
CRMT vs USA: side by side
| CRMT (America's Car-Mart, Inc.) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | -95.1% | +1.6% |
| 5-year return | -98.2% | +18.1% |
| Volatility (ann.) | 78.3% | 15.2% |
| Beta vs S&P 500 | 1.85 | 0.89 |
| Max drawdown (3Y) | -98.2% | -17.7% |
| Market cap | – | – |
| P/E (trailing) | – | 10.7 |
| Dividend yield | 0.00% | 11.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMT | USA |
|---|---|---|
| 2022 | -29.4% | -25.2% |
| 2023 | +4.9% | +23.2% |
| 2024 | -32.4% | +20.8% |
| 2025 | -50.7% | +0.1% |
| 2026 | -90.9% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMT and USA good diversifiers for each other?
Reasonably. At 0.44, CRMT and USA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRMT and USA?
As of 2026-08-27, the correlation of weekly returns between CRMT and USA is 0.44 over 3 years, 0.44 over 1 year and 0.42 over 5 years.
Is USA a good diversifier for CRMT?
Reasonably. At 0.44, CRMT and USA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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: CRMT correlations · USA correlations
