BRBR vs LIVN: Correlation
BellRing Brands, Inc. (BRBR) and LivaNova PLC (LIVN) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBR and LIVN?
Across a 3-year window, the weekly returns of BRBR and LIVN correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -434.6 %².
Among the 20 assets we track against BRBR, LIVN ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LIVN outperformed by 116.5 percentage points (-74.8% for BRBR against +41.7% for LIVN).
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.
BRBR vs LIVN: side by side
| BRBR (BellRing Brands, Inc.) | LIVN (LivaNova PLC) | |
|---|---|---|
| 1-year return | -74.8% | +41.7% |
| 5-year return | -68.8% | -2.9% |
| Volatility (ann.) | 51.5% | 40.6% |
| Beta vs S&P 500 | 0.49 | 0.98 |
| Max drawdown (3Y) | -90.0% | -47.2% |
| Market cap | $1.2B | $4.4B |
| P/E (trailing) | 7.6 | 23.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRBR | LIVN |
|---|---|---|
| 2022 | -10.1% | -36.5% |
| 2023 | +116.2% | -6.8% |
| 2024 | +35.9% | -10.5% |
| 2025 | -64.5% | +32.9% |
| 2026 | -61.6% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBR and LIVN good diversifiers for each other?
Yes. With a correlation of -0.21, BRBR and LIVN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRBR and LIVN?
The BRBR/LIVN correlation stands at -0.21 on a 3-year window (1 year: -0.13, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is LIVN a good diversifier for BRBR?
Yes. With a correlation of -0.21, BRBR and LIVN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brbr-vs-livn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brbr-vs-livn/)
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Related comparisons
Hubs: BRBR correlations · LIVN correlations
