Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | 0.00% | -0.34% | -1.34% | -0.68% | -6.53% | -6.83% | +0.06% | -7.20% | +1.44% | -1.61% |
| Market-price total return | 0.00% | -0.34% | +1.55% | +4.90% | +1.60% | +4.12% | +11.07% | +2.68% | +12.28% | +7.99% |
| NAV return | +1.19% | +0.59% | +1.65% | +4.31% | -0.88% | -2.16% | +3.87% | -3.64% | +1.21% | -2.88% |
| NAV total return | +1.19% | +0.59% | +4.28% | +9.52% | +6.86% | +8.20% | +14.81% | +6.50% | +11.63% | +6.48% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.14% | 0.12% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.15% | 0.14% | as above |
| Volatility, 5 years | 0.20% | 0.20% | as above |
| Maximum drawdown, 3 years | -17.69% | -17.45% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.40 | 0.70 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.58 | 1.03 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.81 | — | SPY (U.S. equity ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.80 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Liberty All Star Equity Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.