ET vs. ASG
ET (Energy Transfer LP) and ASG (Liberty All-Star Growth) are both stocks. ET operates in Oil & Gas Midstream (Energy), while ASG operates in Asset Management (Financial Services). Over the past 10 years, ET returned 13.14%/yr vs 11.85%/yr for ASG. At a 0.34 correlation, their price movements are largely independent.
Performance
ET vs. ASG - Performance Comparison
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Returns By Period
In the year-to-date period, ET achieves a 19.85% return, which is significantly higher than ASG's 4.45% return. Over the past 10 years, ET has outperformed ASG with an annualized return of 13.14%, while ASG has yielded a comparatively lower 11.85% annualized return.
ET
- 1D
- 1.65%
- 1M
- -5.36%
- YTD
- 19.85%
- 6M
- 19.34%
- 1Y
- 12.14%
- 3Y*
- 24.04%
- 5Y*
- 20.15%
- 10Y*
- 13.14%
ASG
- 1D
- -0.19%
- 1M
- 2.51%
- YTD
- 4.45%
- 6M
- 4.45%
- 1Y
- 9.56%
- 3Y*
- 8.78%
- 5Y*
- -1.22%
- 10Y*
- 11.85%
ET vs. ASG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 19.85% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
ASG Liberty All-Star Growth | 4.45% | 2.21% | 16.78% | 16.23% | -40.91% | 22.60% | 37.99% | 60.54% | -14.35% | 44.64% |
Correlation
The correlation between ET and ASG is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006 | 0.34 |
Over the past year, the correlation between ET and ASG has dropped to 0.02 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
Fundamentals
ET:
$65.93B
ASG:
$333.17M
ET:
$1.36
ASG:
$1.04
ET:
14.01
ASG:
5.11
ET:
0.76
ASG:
4.90
ET:
1.33
ASG:
0.90
ET:
$89.38B
ASG:
$67.50M
ET:
$20.48B
ASG:
$57.76M
ET:
$13.02B
ASG:
$61.00M
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Return for Risk
ET vs. ASG — Risk / Return Rank
ET
ASG
ET vs. ASG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Transfer LP (ET) and Liberty All-Star Growth (ASG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ET | ASG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.52 | +0.70 |
| Martin ratioReturn relative to average drawdown | 2.70 | 1.92 | +0.77 |
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Drawdowns
ET vs. ASG - Drawdown Comparison
The maximum ET drawdown since its inception was -87.81%, which is greater than ASG's maximum drawdown of -66.77%. Use the drawdown chart below to compare losses from any high point for ET and ASG.
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Drawdown Indicators
| ET | ASG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.81% | -66.77% | -21.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -15.77% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -25.25% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.82% | -45.91% | +20.09% |
Max Drawdown (10Y)Largest decline over 10 years | -72.82% | -45.91% | -26.91% |
Current DrawdownCurrent decline from peak | -6.47% | -18.82% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -25.72% | -17.61% | -8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.24% | +0.41% |
Volatility
ET vs. ASG - Volatility Comparison
The current volatility for Energy Transfer LP (ET) is 5.08%, while Liberty All-Star Growth (ASG) has a volatility of 5.91%. This indicates that ET experiences smaller price fluctuations and is considered to be less risky than ASG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ET | ASG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 5.91% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 14.01% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 17.80% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.86% | 22.85% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.99% | 25.08% | +9.91% |
Dividends
ET vs. ASG - Dividend Comparison
ET's dividend yield for the trailing twelve months is around 7.00%, less than ASG's 8.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASG Liberty All-Star Growth | 8.87% | 8.68% | 8.32% | 8.14% | 10.14% | 11.33% | 7.68% | 7.08% | 10.48% | 7.58% | 8.61% | 16.81% |
ET Energy Transfer LP | 7.00% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
Financials
ET vs. ASG - Financials Comparison
This section allows you to compare key financial metrics between Energy Transfer LP and Liberty All-Star Growth. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ET and ASG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASG has higher volatility (5.91%) compared to ET (5.08%). In terms of maximum drawdown, ET dropped -87.81% vs ASG's -66.77%.
ET currently has the higher Sharpe Ratio (0.71 vs 0.46), 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.
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