ADX vs LYV: Correlation
Measured on weekly returns over the past three years, Adams Diversified Equity Fund Inc. (ADX) and Live Nation Entertainment (LYV) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADX and LYV?
Across a 3-year window, the weekly returns of ADX and LYV correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.52 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 230.3 %².
Out of 12 assets tracked against ADX, LYV lands near the bottom at #9. The last year tells two different stories: ADX led by 20.4 percentage points, +29.5% for ADX against +9.1% for LYV. Note the risk asymmetry: LYV runs 1.8 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.
ADX vs LYV: side by side
| ADX (Adams Diversified Equity Fund Inc.) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | +29.5% | +9.1% |
| 5-year return | +88.9% | +108.7% |
| Volatility (ann.) | 15.7% | 28.1% |
| Beta vs S&P 500 | 0.96 | 1.02 |
| Max drawdown (3Y) | -18.3% | -27.8% |
| Market cap | $3.3B | $42.1B |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 7.26% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ADX | LYV |
|---|---|---|
| 2022 | -19.8% | -41.7% |
| 2023 | +31.5% | +34.2% |
| 2024 | +28.3% | +38.4% |
| 2025 | +26.0% | +10.0% |
| 2026 | +18.5% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADX and LYV good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ADX and LYV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.36 over the last year and 0.51 over 5 years.
Is LYV a good diversifier for ADX?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adx-vs-lyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adx-vs-lyv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADX correlations · LYV correlations
