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USA vs. ASG
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

USA vs. ASG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty All-Star Equity Fund (USA) and Liberty All-Star Growth (ASG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USA achieves a -3.80% return, which is significantly lower than ASG's 6.22% return. Both investments have delivered pretty close results over the past 10 years, with USA having a 12.30% annualized return and ASG not far behind at 12.21%.


USA

1D
-1.38%
1M
-1.55%
YTD
-3.80%
6M
-3.34%
1Y
-2.47%
3Y*
7.46%
5Y*
1.42%
10Y*
12.30%

ASG

1D
0.37%
1M
2.67%
YTD
6.22%
6M
5.03%
1Y
12.91%
3Y*
9.33%
5Y*
-0.13%
10Y*
12.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USA vs. ASG - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
USA
Liberty All-Star Equity Fund
-3.80%0.09%20.81%23.17%-25.20%33.76%12.89%39.70%-5.06%34.66%
ASG
Liberty All-Star Growth
6.22%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 0.65, 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

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

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 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap

USA:

$1.72B

ASG:

$338.83M

EPS

USA:

$1.42

ASG:

$1.04

PE Ratio

USA:

4.03

ASG:

5.19

PS Ratio

USA:

4.79

ASG:

4.98

PB Ratio

USA:

0.84

ASG:

0.92

Total Revenue (TTM)

USA:

$355.74M

ASG:

$67.50M

Gross Profit (TTM)

USA:

$329.90M

ASG:

$57.76M

EBITDA (TTM)

USA:

$305.11M

ASG:

$61.00M

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Return for Risk

USA vs. ASG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USA
USA Risk / Return Rank: 3333
Overall Rank
USA Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
USA Sortino Ratio Rank: 2828
Sortino Ratio Rank
USA Omega Ratio Rank: 2828
Omega Ratio Rank
USA Calmar Ratio Rank: 3737
Calmar Ratio Rank
USA Martin Ratio Rank: 3636
Martin Ratio Rank

ASG
ASG Risk / Return Rank: 6262
Overall Rank
ASG Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
ASG Sortino Ratio Rank: 5858
Sortino Ratio Rank
ASG Omega Ratio Rank: 5656
Omega Ratio Rank
ASG Calmar Ratio Rank: 6060
Calmar Ratio Rank
ASG Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


USAASGDifference
Sharpe ratioReturn per unit of total volatility

-0.91

Sortino ratioReturn per unit of downside risk

-1.27

Omega ratioGain probability vs. loss probability

0.98

1.14

-0.15

Calmar ratioReturn relative to maximum drawdown

-0.16

0.82

-0.98

Martin ratioReturn relative to average drawdown

-0.38

3.06

-3.44

USA vs. ASG - Sharpe Ratio Comparison

The current USA Sharpe Ratio is -0.18, which is lower than the ASG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of USA and ASG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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


USAASGDifference

Max Drawdown

Largest peak-to-trough decline

-69.15%

-66.77%

-2.38%

Max Drawdown (1Y)

Largest decline over 1 year

-15.28%

-15.77%

+0.49%

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 Drawdown

Current decline from peak

-8.97%

-17.44%

+8.47%

Average Drawdown

Average peak-to-trough decline

-11.51%

-17.61%

+6.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.50%

4.23%

+2.27%

Volatility

USA vs. ASG - Volatility Comparison

The current volatility for Liberty All-Star Equity Fund (USA) is 4.42%, while Liberty All-Star Growth (ASG) has a volatility of 5.54%. 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


USAASGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.42%

5.54%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

10.75%

14.11%

-3.36%

Volatility (1Y)

Calculated over the trailing 1-year period

13.92%

17.82%

-3.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.30%

22.87%

-2.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.59%

25.09%

-2.50%

Dividends

USA vs. ASG - Dividend Comparison

USA's dividend yield for the trailing twelve months is around 11.89%, more than ASG's 8.72% yield.


PositionTTM20252024202320222021202020192018201720162015
ASG
Liberty All-Star Growth
8.72%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
11.89%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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.0020.00M40.00M60.00M80.00M100.00M120.00M20212022202320242025
119.52M
7.29M
(USA) Total Revenue
(ASG) Total Revenue
Values in USD except per share items

Frequently Asked Questions


USA and ASG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ASG has higher volatility (5.54%) compared to USA (4.42%). In terms of maximum drawdown, USA dropped -69.15% vs ASG's -66.77%.

ASG currently has the higher Sharpe Ratio (0.73 vs -0.18), 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.

Portfolio Optimizer

Find the right allocation for USA and ASG

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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