ASG vs. BRK-A

Last updated Jun 4, 2026

ASG (Liberty All-Star Growth) and BRK-A (Berkshire Hathaway Inc) are both stocks. Both are in the Financial Services sector — ASG in Asset Management, BRK-A in Insurance - Diversified. Over the past 10 years, ASG returned 11.65%/yr vs 12.93%/yr for BRK-A. At a 0.27 correlation, their price movements are largely independent.

Performance

ASG vs. BRK-A - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty All-Star Growth (ASG) and Berkshire Hathaway Inc (BRK-A). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASG achieves a 4.05% return, which is significantly higher than BRK-A's -5.45% return. Over the past 10 years, ASG has underperformed BRK-A with an annualized return of 11.65%, while BRK-A has yielded a comparatively higher 12.93% annualized return.

ASG

• 1D: -2.22%
• 1M: 1.54%
• YTD: 4.05%
• 6M: 3.08%
• 1Y: 8.12%
• 3Y*: 9.33%
• 5Y*: -0.88%
• 10Y*: 11.65%

BRK-A

• 1D: 0.92%
• 1M: 1.55%
• YTD: -5.45%
• 6M: -5.85%
• 1Y: -4.36%
• 3Y*: 12.37%
• 5Y*: 10.21%
• 10Y*: 12.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASG vs. BRK-A - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASG Liberty All-Star Growth	4.05%	2.21%	16.78%	16.23%	-40.91%	22.60%	37.99%	60.54%	-14.35%	44.64%
BRK-A Berkshire Hathaway Inc	-5.45%	10.85%	25.49%	15.77%	4.00%	29.57%	2.42%	10.98%	2.82%	21.91%

Correlation

The correlation between ASG and BRK-A is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 6, 1987	0.27

Over the past year, the correlation between ASG and BRK-A has dropped to 0.06 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Fundamentals

Market Cap ASG : $331.92M BRK-A : $1539.57T
EPS ASG : $1.04 BRK-A : $33.58
PE Ratio ASG : 5.09 BRK-A : 21.25K
PS Ratio ASG : 4.88 BRK-A : 4.10K
PB Ratio ASG : 0.90 BRK-A : 2.12K
Total Revenue (TTM) ASG : $67.50M BRK-A : $375.39B
Gross Profit (TTM) ASG : $57.76M BRK-A : $89.84B
EBITDA (TTM) ASG : $61.00M BRK-A : $71.10B

Return for Risk

ASG vs. BRK-A — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASG

ASG Risk / Return Rank: 52
ASG Sharpe Ratio Rank: 57
ASG Sortino Ratio Rank: 48
ASG Omega Ratio Rank: 46
ASG Calmar Ratio Rank: 52
ASG Martin Ratio Rank: 59

BRK-A

BRK-A Risk / Return Rank: 23
BRK-A Sharpe Ratio Rank: 27
BRK-A Sortino Ratio Rank: 22
BRK-A Omega Ratio Rank: 23
BRK-A Calmar Ratio Rank: 24
BRK-A Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASG vs. BRK-A - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Growth (ASG) and Berkshire Hathaway Inc (BRK-A). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ASG	BRK-A	Difference
Sharpe ratio Return per unit of total volatility	0.47	-0.32	+0.78
Sortino ratio Return per unit of downside risk	0.77	-0.34	+1.11
Omega ratio Gain probability vs. loss probability	1.09	0.96	+0.13
Calmar ratio Return relative to maximum drawdown	0.52	-0.48	+1.00
Martin ratio Return relative to average drawdown	1.93	-1.00	+2.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASG vs. BRK-A - Sharpe Ratio Comparison

The current ASG Sharpe Ratio is 0.47, which is higher than the BRK-A Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of ASG and BRK-A, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASG	BRK-A	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	-0.32	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.60	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.68	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.82	-0.61

Drawdowns

ASG vs. BRK-A - Drawdown Comparison

The maximum ASG drawdown since its inception was -66.77%, which is greater than BRK-A's maximum drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for ASG and BRK-A.

Drawdown Indicators

	ASG	BRK-A	Difference
Max Drawdown Largest peak-to-trough decline	-66.77%	-51.47%	-15.30%
Max Drawdown (1Y) Largest decline over 1 year	-15.77%	-9.12%	-6.65%
Max Drawdown (3Y) Largest decline over 3 years	-25.25%	-14.43%	-10.82%
Max Drawdown (5Y) Largest decline over 5 years	-45.91%	-25.98%	-19.93%
Max Drawdown (10Y) Largest decline over 10 years	-45.91%	-30.43%	-15.48%
Current Drawdown Current decline from peak	-19.13%	-11.82%	-7.31%
Average Drawdown Average peak-to-trough decline	-17.61%	-9.52%	-8.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	4.48%	-0.26%

Volatility

ASG vs. BRK-A - Volatility Comparison

Liberty All-Star Growth (ASG) has a higher volatility of 5.11% compared to Berkshire Hathaway Inc (BRK-A) at 3.57%. This indicates that ASG's price experiences larger fluctuations and is considered to be riskier than BRK-A based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASG	BRK-A	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	3.57%	+1.54%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	10.40%	+3.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	13.87%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.85%	17.15%	+5.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.06%	18.98%	+6.08%

Dividends

ASG vs. BRK-A - Dividend Comparison

ASG's dividend yield for the trailing twelve months is around 8.90%, while BRK-A has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASG Liberty All-Star Growth	8.90%	8.68%	8.32%	8.14%	10.14%	11.33%	7.68%	7.08%	10.48%	7.58%	8.61%	16.81%
BRK-A Berkshire Hathaway Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ASG and BRK-A in my portfolio?

ASG and BRK-A have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASG or BRK-A?

ASG has higher volatility (5.11%) compared to BRK-A (3.57%). In terms of maximum drawdown, ASG dropped -66.77% vs BRK-A's -51.47%.

Which has better risk-adjusted returns?

ASG currently has the higher Sharpe Ratio (0.47 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.