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 12.11%/yr vs 11.08%/yr for ASG. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
USA vs. ASG - Performance Comparison
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Returns By Period
In the year-to-date period, USA achieves a 0.57% return, which is significantly lower than ASG's 3.61% return. Over the past 10 years, USA has outperformed ASG with an annualized return of 12.11%, while ASG has yielded a comparatively lower 11.08% annualized return.
USA
- 1D
- 0.00%
- 1M
- 3.10%
- 6M
- 1.24%
- YTD
- 0.57%
- 1Y
- 0.97%
- 3Y*
- 5.91%
- 5Y*
- 2.63%
- 10Y*
- 12.11%
- ALL TIME*
- 7.78%
ASG
- 1D
- 0.78%
- 1M
- -3.71%
- 6M
- 2.29%
- YTD
- 3.61%
- 1Y
- 4.94%
- 3Y*
- 6.85%
- 5Y*
- -1.04%
- 10Y*
- 11.08%
- ALL TIME*
- 4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.74M | $1.40M | $1.42M | |
| $8.20M | $9.40M | $8.31M |
USA vs. ASG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 0.57% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
ASG Liberty All-Star Growth | 3.61% | 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 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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:
$1.79B
ASG:
$327.51M
USA:
$1.40
ASG:
$1.03
USA:
4.14
ASG:
4.99
USA:
4.92
ASG:
4.79
USA:
0.85
ASG:
0.88
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 | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.12 | -0.15 |
| Martin ratioReturn relative to average drawdown | -0.08 | 0.44 | -0.52 |
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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 | -13.65% | -15.77% | +2.12% |
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 | -4.83% | -19.48% | +14.65% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -17.61% | +6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 4.36% | +0.80% |
Volatility
USA vs. ASG - Volatility Comparison
The current volatility for Liberty All-Star Equity Fund (USA) is 3.74%, while Liberty All-Star Growth (ASG) has a volatility of 5.29%. 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 | 3.74% | 5.29% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 14.66% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 18.05% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 22.75% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 25.10% | -2.54% |
Dividends
USA vs. ASG - Dividend Comparison
USA's dividend yield for the trailing twelve months is around 11.53%, more than ASG's 9.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASG Liberty All-Star Growth | 9.14% | 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 | 11.53% | 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 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASG has higher volatility (5.29%) compared to USA (3.74%). In terms of maximum drawdown, USA dropped -69.15% vs ASG's -66.77%.
ASG currently has the higher Sharpe Ratio (0.11 vs -0.03), 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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