CALY vs LIVN: Correlation
How closely do Callaway Golf Company (CALY) and LivaNova PLC (LIVN) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALY and LIVN?
On 3 years of weekly data the CALY/LIVN correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 1068.4 %².
By 3-year correlation, LIVN places #6 of the 16 assets tracked against CALY. Correlation aside, the last 12 months split them widely, with CALY ahead by 15.9 points (+57.6% versus +41.7%).
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.
CALY vs LIVN: side by side
| CALY (Callaway Golf Company) | LIVN (LivaNova PLC) | |
|---|---|---|
| 1-year return | +57.6% | +41.7% |
| 5-year return | -45.7% | -2.9% |
| Volatility (ann.) | 55.5% | 40.6% |
| Beta vs S&P 500 | 1.11 | 0.98 |
| Max drawdown (3Y) | -68.1% | -47.2% |
| Market cap | $2.8B | $4.4B |
| P/E (trailing) | 36.8 | 23.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALY | LIVN |
|---|---|---|
| 2022 | -28.0% | -36.5% |
| 2023 | -27.4% | -6.8% |
| 2024 | -45.2% | -10.5% |
| 2025 | +48.5% | +32.9% |
| 2026 | +32.3% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALY and LIVN good diversifiers for each other?
Reasonably. At 0.47, CALY and LIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CALY and LIVN?
The CALY/LIVN correlation stands at 0.47 on a 3-year window (1 year: 0.54, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is LIVN a good diversifier for CALY?
Reasonably. At 0.47, CALY and LIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/caly-vs-livn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/caly-vs-livn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CALY correlations · LIVN correlations
