DIA vs LVO: Correlation
SPDR Dow Jones Industrial Average ETF (DIA) and LiveOne, Inc. (LVO) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and LVO?
On 3 years of weekly data the DIA/LVO correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.36 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 382.7 %².
Among the 116 assets we track against DIA, LVO ranks #103 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DIA ahead by 52.1 points (+19.2% versus -32.9%). Risk is not evenly split, since LVO carries 6.3 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.
DIA vs LVO: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | LVO (LiveOne, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -32.9% |
| 5-year return | +64.8% | -88.2% |
| Volatility (ann.) | 13.0% | 82.2% |
| Beta vs S&P 500 | 0.79 | 1.85 |
| Max drawdown (3Y) | -16.0% | -83.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.37% | 0.00% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, DIA sits in the Large Value category at State Street Investment Management, with $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | LVO |
|---|---|---|
| 2022 | -7.0% | -49.7% |
| 2023 | +16.0% | +115.8% |
| 2024 | +14.8% | +5.8% |
| 2025 | +14.7% | -67.9% |
| 2026 | +12.3% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and LVO good diversifiers for each other?
Reasonably. At 0.36, DIA and LVO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIA and LVO?
The DIA/LVO correlation stands at 0.36 on a 3-year window (1 year: 0.19, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is LVO a good diversifier for DIA?
Reasonably. At 0.36, DIA and LVO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/dia-vs-lvo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dia-vs-lvo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIA correlations · LVO correlations
