HQL vs. ASG
HQL (Tekla Life Sciences Investors) and ASG (Liberty All-Star Growth) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, HQL returned 9.66%/yr vs 11.85%/yr for ASG. At a 0.43 correlation, their price movements are largely independent.
Performance
HQL vs. ASG - Performance Comparison
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Returns By Period
In the year-to-date period, HQL achieves a 7.78% return, which is significantly higher than ASG's 4.45% return. Over the past 10 years, HQL has underperformed ASG with an annualized return of 9.66%, while ASG has yielded a comparatively higher 11.85% annualized return.
HQL
- 1D
- 0.53%
- 1M
- -3.82%
- YTD
- 7.78%
- 6M
- 5.52%
- 1Y
- 49.53%
- 3Y*
- 21.36%
- 5Y*
- 7.13%
- 10Y*
- 9.66%
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%
HQL vs. ASG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQL Tekla Life Sciences Investors | 7.78% | 45.48% | 11.03% | 4.23% | -19.21% | 5.52% | 23.72% | 25.53% | -16.18% | 25.41% |
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 HQL and ASG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 4, 1992 | 0.43 |
The correlation between HQL and ASG shifts across timeframes, from 0.43 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HQL:
$515.42M
ASG:
$333.17M
HQL:
$6.27
ASG:
$1.04
HQL:
2.70
ASG:
5.11
HQL:
6.29
ASG:
4.90
HQL:
0.92
ASG:
0.90
HQL:
$79.82M
ASG:
$67.50M
HQL:
$56.06M
ASG:
$57.76M
HQL:
$150.93M
ASG:
$61.00M
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Return for Risk
HQL vs. ASG — Risk / Return Rank
HQL
ASG
HQL vs. ASG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tekla Life Sciences Investors (HQL) 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.
| HQL | ASG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.09 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 0.52 | +4.19 |
| Martin ratioReturn relative to average drawdown | 15.05 | 1.92 | +13.13 |
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Drawdowns
HQL vs. ASG - Drawdown Comparison
The maximum HQL drawdown since its inception was -62.65%, smaller than the maximum ASG drawdown of -66.77%. Use the drawdown chart below to compare losses from any high point for HQL and ASG.
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Drawdown Indicators
| HQL | ASG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.65% | -66.77% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -15.77% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -25.10% | -25.25% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -45.91% | +7.05% |
Max Drawdown (10Y)Largest decline over 10 years | -38.86% | -45.91% | +7.05% |
Current DrawdownCurrent decline from peak | -5.10% | -18.82% | +13.72% |
Average DrawdownAverage peak-to-trough decline | -22.25% | -17.61% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.24% | -1.02% |
Volatility
HQL vs. ASG - Volatility Comparison
Tekla Life Sciences Investors (HQL) has a higher volatility of 6.62% compared to Liberty All-Star Growth (ASG) at 5.91%. This indicates that HQL's price experiences larger fluctuations and is considered to be riskier 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
| HQL | ASG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 5.91% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 14.01% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 17.80% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 22.85% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 25.08% | -2.84% |
Dividends
HQL vs. ASG - Dividend Comparison
HQL's dividend yield for the trailing twelve months is around 12.04%, more 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% |
HQL Tekla Life Sciences Investors | 12.04% | 10.85% | 14.18% | 9.44% | 9.57% | 8.79% | 7.90% | 8.03% | 10.72% | 8.25% | 12.18% | 11.84% |
Financials
HQL vs. ASG - Financials Comparison
This section allows you to compare key financial metrics between Tekla Life Sciences Investors 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
HQL and ASG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HQL has higher volatility (6.62%) compared to ASG (5.91%). In terms of maximum drawdown, HQL dropped -62.65% vs ASG's -66.77%.
HQL currently has the higher Sharpe Ratio (2.27 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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