ACWI vs LYV: Correlation
iShares MSCI ACWI ETF (ACWI) and Live Nation Entertainment (LYV) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and LYV?
On 3 years of weekly data the ACWI/LYV correlation comes out at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.52 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 202.1 %².
Among the 119 assets we track against ACWI, LYV ranks #89 by 3-year correlation. On 12-month performance ACWI holds a 13.6-point edge, +22.7% against +9.1%. On a rolling one-year basis the correlation drifted between 0.33 and 0.72, a moderate band. Note the risk asymmetry: LYV runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACWI vs LYV: side by side
| ACWI (iShares MSCI ACWI ETF) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | +22.7% | +9.1% |
| 5-year return | +69.0% | +108.7% |
| Volatility (ann.) | 13.8% | 28.1% |
| Beta vs S&P 500 | 0.92 | 1.02 |
| Max drawdown (3Y) | -16.5% | -27.8% |
| Market cap | – | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 0.00% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | Communication Services |
ACWI is a Global Large-Stock Blend fund from iShares: $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | LYV |
|---|---|---|
| 2022 | -18.4% | -41.7% |
| 2023 | +22.3% | +34.2% |
| 2024 | +17.4% | +38.4% |
| 2025 | +22.4% | +10.0% |
| 2026 | +14.9% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and LYV good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACWI and LYV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.34 over the last year and 0.57 over 5 years.
Is LYV a good diversifier for ACWI?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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: ACWI correlations · LYV correlations
