COLL vs LIVN: Correlation
Measured on weekly returns over the past three years, Collegium Pharmaceutical, Inc. (COLL) and LivaNova PLC (LIVN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLL and LIVN?
Over the past 3 years, COLL and LIVN moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 624.1 %².
In COLL's tracked universe of 15 assets, LIVN sits right near the top at #3. The last year tells two different stories: LIVN led by 73.5 percentage points, -31.8% for COLL 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.
COLL vs LIVN: side by side
| COLL (Collegium Pharmaceutical, Inc.) | LIVN (LivaNova PLC) | |
|---|---|---|
| 1-year return | -31.8% | +41.7% |
| 5-year return | +30.2% | -2.9% |
| Volatility (ann.) | 38.1% | 40.6% |
| Beta vs S&P 500 | 0.41 | 0.98 |
| Max drawdown (3Y) | -48.4% | -47.2% |
| Market cap | $0.8B | $4.4B |
| P/E (trailing) | 20.8 | 23.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLL | LIVN |
|---|---|---|
| 2022 | +24.2% | -36.5% |
| 2023 | +32.7% | -6.8% |
| 2024 | -6.9% | -10.5% |
| 2025 | +61.6% | +32.9% |
| 2026 | -42.9% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLL and LIVN good diversifiers for each other?
Reasonably. At 0.40, COLL and LIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COLL and LIVN?
As of 2026-08-27, the correlation of weekly returns between COLL and LIVN is 0.40 over 3 years, 0.44 over 1 year and 0.30 over 5 years.
Is LIVN a good diversifier for COLL?
Reasonably. At 0.40, COLL and LIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/coll-vs-livn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/coll-vs-livn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLL correlations · LIVN correlations
