USA vs. ASG
USA (Liberty All-Star Equity Fund) and ASG (Liberty All-Star Growth) are both stocks. Both are in the Financial Services sector — USA in Collective Investments, ASG in Asset Management. Over the past 10 years, USA returned 12.22%/yr vs 11.60%/yr for ASG. At a 0.47 correlation, their price movements are largely independent.
Performance
USA vs. ASG - Performance Comparison
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Returns By Period
In the year-to-date period, USA achieves a 0.24% return, which is significantly lower than ASG's 4.84% return. Over the past 10 years, USA has outperformed ASG with an annualized return of 12.22%, while ASG has yielded a comparatively lower 11.60% annualized return.
USA
- 1D
- 0.34%
- 1M
- 3.83%
- 6M
- -1.64%
- YTD
- 0.24%
- 1Y
- -3.40%
- 3Y*
- 6.94%
- 5Y*
- 1.37%
- 10Y*
- 12.22%
ASG
- 1D
- -1.85%
- 1M
- 0.38%
- 6M
- 1.40%
- YTD
- 4.84%
- 1Y
- 5.76%
- 3Y*
- 7.26%
- 5Y*
- -0.73%
- 10Y*
- 11.60%
USA vs. ASG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 0.24% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
ASG Liberty All-Star Growth | 4.84% | 2.21% | 16.78% | 16.23% | -40.91% | 22.60% | 37.99% | 60.54% | -14.35% | 44.64% |
Correlation
The correlation between USA and ASG is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.47 |
The correlation between USA and ASG shifts across timeframes, from 0.47 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
USA:
$1.84B
ASG:
$338.98M
USA:
$1.40
ASG:
$1.03
USA:
4.25
ASG:
5.16
USA:
5.05
ASG:
4.95
USA:
0.87
ASG:
0.91
USA:
$355.74M
ASG:
$67.50M
USA:
$329.90M
ASG:
$57.76M
USA:
$305.11M
ASG:
$61.00M
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Return for Risk
USA vs. ASG — Risk / Return Rank
USA
ASG
USA vs. ASG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Liberty All-Star Equity Fund (USA) 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.
| USA | ASG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.07 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.37 | -0.61 |
| Martin ratioReturn relative to average drawdown | -0.59 | 1.36 | -1.95 |
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Drawdowns
USA vs. ASG - Drawdown Comparison
The maximum USA drawdown since its inception was -69.15%, roughly equal to the maximum ASG drawdown of -66.77%. Use the drawdown chart below to compare losses from any high point for USA and ASG.
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Drawdown Indicators
| USA | ASG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.15% | -66.77% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -15.77% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.69% | -25.25% | +7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -45.91% | +11.86% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -45.91% | -1.16% |
Current DrawdownCurrent decline from peak | -5.15% | -18.52% | +13.37% |
Average DrawdownAverage peak-to-trough decline | -11.51% | -17.61% | +6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | 4.25% | +1.72% |
Volatility
USA vs. ASG - Volatility Comparison
The current volatility for Liberty All-Star Equity Fund (USA) is 4.78%, while Liberty All-Star Growth (ASG) has a volatility of 5.13%. This indicates that USA 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
| USA | ASG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 5.13% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 14.33% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 18.01% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 22.72% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 25.08% | -2.52% |
Dividends
USA vs. ASG - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 11.41%, more than ASG's 8.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASG Liberty All-Star Growth | 8.83% | 8.68% | 8.32% | 8.14% | 10.14% | 11.33% | 7.68% | 7.08% | 10.48% | 7.58% | 8.61% | 16.81% |
USA Liberty All-Star Equity Fund | 11.41% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
USA vs. ASG - Financials Comparison
This section allows you to compare key financial metrics between Liberty All-Star Equity Fund 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
USA and ASG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASG has higher volatility (5.13%) compared to USA (4.78%). In terms of maximum drawdown, USA dropped -69.15% vs ASG's -66.77%.
ASG currently has the higher Sharpe Ratio (0.32 vs -0.24), 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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