FOF vs. USA
FOF (Cohen & Steers Closed-End Opportunity Fund) is Large Cap Value Equities fund actively managed by Cohen & Steers, while USA (Liberty All-Star Equity Fund) is a stock. Over the past 10 years, FOF returned 10.81%/yr vs 12.13%/yr for USA. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
FOF vs. USA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FOF achieves a 5.89% return, which is significantly higher than USA's -3.46% return. Over the past 10 years, FOF has underperformed USA with an annualized return of 10.81%, while USA has yielded a comparatively higher 12.13% annualized return.
FOF
- 1D
- 0.67%
- 1M
- -1.20%
- YTD
- 5.89%
- 6M
- 7.91%
- 1Y
- 17.62%
- 3Y*
- 17.25%
- 5Y*
- 7.55%
- 10Y*
- 10.81%
USA
- 1D
- -0.52%
- 1M
- 0.17%
- YTD
- -3.46%
- 6M
- -1.58%
- 1Y
- -4.32%
- 3Y*
- 7.82%
- 5Y*
- 1.42%
- 10Y*
- 12.13%
FOF vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FOF Cohen & Steers Closed-End Opportunity Fund | 5.89% | 13.01% | 23.65% | 17.90% | -22.69% | 28.24% | 1.52% | 31.37% | -9.43% | 23.41% |
USA Liberty All-Star Equity Fund | -3.46% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between FOF and USA is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2006 | 0.54 |
The correlation between FOF and USA shifts across timeframes, from 0.40 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FOF vs. USA — Risk / Return Rank
FOF
USA
FOF vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Closed-End Opportunity Fund (FOF) and Liberty All-Star Equity Fund (USA). 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.
| FOF | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.95 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.32 | +1.49 |
| Martin ratioReturn relative to average drawdown | 3.85 | -0.76 | +4.62 |
Loading charts...
Drawdowns
FOF vs. USA - Drawdown Comparison
The maximum FOF drawdown since its inception was -59.38%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for FOF and USA.
Loading charts...
Drawdown Indicators
| FOF | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -69.15% | +9.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -15.28% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -17.69% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -34.05% | +4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -49.74% | -47.07% | -2.67% |
Current DrawdownCurrent decline from peak | -7.54% | -8.65% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -11.52% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 6.43% | -1.87% |
Volatility
FOF vs. USA - Volatility Comparison
Cohen & Steers Closed-End Opportunity Fund (FOF) has a higher volatility of 4.58% compared to Liberty All-Star Equity Fund (USA) at 3.16%. This indicates that FOF's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FOF | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 3.16% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 10.42% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 13.64% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 20.26% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 22.56% | -2.23% |
Dividends
FOF vs. USA - Dividend Comparison
FOF's dividend yield for the trailing twelve months is around 7.76%, less than USA's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOF Cohen & Steers Closed-End Opportunity Fund | 7.76% | 7.91% | 8.22% | 9.32% | 9.99% | 7.06% | 8.41% | 7.78% | 9.41% | 7.84% | 8.90% | 9.49% |
USA Liberty All-Star Equity Fund | 11.85% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
FOF and USA have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOF has higher volatility (4.58%) compared to USA (3.16%). In terms of maximum drawdown, FOF dropped -59.38% vs USA's -69.15%.
FOF currently has the higher Sharpe Ratio (1.28 vs -0.36), 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.
Find the right allocation for FOF and USA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer