CRVL vs LBTYB: Correlation
Measured on weekly returns over the past three years, CorVel Corp. (CRVL) and Liberty Global Ltd. - Class B (LBTYB) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVL and LBTYB?
Over the past 3 years, CRVL and LBTYB moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.28 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -542.1 %².
Out of 16 assets tracked against CRVL, LBTYB lands near the bottom at #15. The last year tells two different stories: LBTYB led by 33.5 percentage points, -23.0% for CRVL against +10.5% for LBTYB. Risk is not evenly split, since LBTYB carries 1.7 times the volatility of the other side.
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.
CRVL vs LBTYB: side by side
| CRVL (CorVel Corp.) | LBTYB (Liberty Global Ltd. - Class B) | |
|---|---|---|
| 1-year return | -23.0% | +10.5% |
| 5-year return | +27.9% | -55.0% |
| Volatility (ann.) | 34.0% | 57.5% |
| Beta vs S&P 500 | 0.68 | 0.32 |
| Max drawdown (3Y) | -64.2% | -58.2% |
| Market cap | $3.5B | $4.4B |
| P/E (trailing) | 31.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRVL | LBTYB |
|---|---|---|
| 2022 | -30.1% | -32.5% |
| 2023 | +70.1% | -6.3% |
| 2024 | +35.0% | -27.3% |
| 2025 | -39.2% | -8.7% |
| 2026 | +2.6% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVL and LBTYB good diversifiers for each other?
Yes. With a correlation of -0.28, CRVL and LBTYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRVL and LBTYB?
As of 2026-08-27, the correlation of weekly returns between CRVL and LBTYB is -0.28 over 3 years, -0.53 over 1 year and -0.18 over 5 years.
Is LBTYB a good diversifier for CRVL?
Yes. With a correlation of -0.28, CRVL and LBTYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
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Related comparisons
Hubs: CRVL correlations · LBTYB correlations
