ABUS vs LIVE: Correlation
Arbutus Biopharma Corporation (ABUS) and Live Ventures Incorporated (LIVE) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABUS and LIVE?
Over the past 3 years, ABUS and LIVE moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -713.2 %².
Among the 11 assets we track against ABUS, LIVE sits near the bottom by co-movement, at rank #9. The last year tells two different stories: ABUS led by 94.7 percentage points, +41.6% for ABUS against -53.1% for LIVE. One caveat on sizing: LIVE is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABUS vs LIVE: side by side
| ABUS (Arbutus Biopharma Corporation) | LIVE (Live Ventures Incorporated) | |
|---|---|---|
| 1-year return | +41.6% | -53.1% |
| 5-year return | +53.0% | -76.0% |
| Volatility (ann.) | 41.5% | 94.6% |
| Beta vs S&P 500 | 0.46 | 0.30 |
| Max drawdown (3Y) | -36.8% | -76.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABUS | LIVE |
|---|---|---|
| 2022 | -40.1% | -0.7% |
| 2023 | +7.3% | -18.8% |
| 2024 | +30.8% | -63.3% |
| 2025 | +47.1% | +58.6% |
| 2026 | +7.5% | -37.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABUS and LIVE good diversifiers for each other?
Yes. With a correlation of -0.18, ABUS and LIVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABUS and LIVE?
The ABUS/LIVE correlation stands at -0.18 on a 3-year window (1 year: -0.12, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is LIVE a good diversifier for ABUS?
Yes. With a correlation of -0.18, ABUS and LIVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ABUS correlations · LIVE correlations
