PTC vs USA: Correlation
How closely do PTC Inc. (PTC) and Liberty All-Star Equity Fund (USA) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTC and USA?
On 3 years of weekly data the PTC/USA correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 225.5 %².
Within PTC's tracked universe of 32 assets, USA comes in at #15 by 3-year correlation. The last year tells two different stories: USA led by 28.2 percentage points, -26.6% for PTC against +1.6% for USA. Risk is not evenly split, since PTC carries 1.9 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.
PTC vs USA: side by side
| PTC (PTC Inc.) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | -26.6% | +1.6% |
| 5-year return | +20.0% | +18.1% |
| Volatility (ann.) | 28.8% | 15.2% |
| Beta vs S&P 500 | 1.02 | 0.89 |
| Max drawdown (3Y) | -48.1% | -17.7% |
| Market cap | $17.2B | – |
| P/E (trailing) | 14.7 | 10.7 |
| Dividend yield | 0.00% | 11.19% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PTC | USA |
|---|---|---|
| 2022 | -0.9% | -25.2% |
| 2023 | +45.8% | +23.2% |
| 2024 | +5.1% | +20.8% |
| 2025 | -5.3% | +0.1% |
| 2026 | -8.8% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTC and USA good diversifiers for each other?
Only partially. A correlation of 0.52 means PTC and USA 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 PTC and USA?
The PTC/USA correlation stands at 0.52 on a 3-year window (1 year: 0.45, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is USA a good diversifier for PTC?
Only partially. A correlation of 0.52 means PTC and USA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: PTC correlations · USA correlations
