EGHT vs LBTYB: Correlation
How closely do 8x8 Inc (EGHT) and Liberty Global Ltd. - Class B (LBTYB) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGHT and LBTYB?
On 3 years of weekly data the EGHT/LBTYB correlation comes out at 0.38, moderate. The past 12 months show a tighter link (0.61) than the 3-year average (0.38). The 5-year figure is 0.31, and annualized covariance runs at 1772.1 %².
Within EGHT's tracked universe of 15 assets, LBTYB comes in at #9 by 3-year correlation. Over the last 12 months LBTYB came out ahead by 5.3 percentage points (+5.2% against +10.5%).
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.
EGHT vs LBTYB: side by side
| EGHT (8x8 Inc) | LBTYB (Liberty Global Ltd. - Class B) | |
|---|---|---|
| 1-year return | +5.2% | +10.5% |
| 5-year return | -91.6% | -55.0% |
| Volatility (ann.) | 80.2% | 57.5% |
| Beta vs S&P 500 | 2.07 | 0.32 |
| Max drawdown (3Y) | -59.5% | -58.2% |
| Market cap | $0.3B | $4.4B |
| P/E (trailing) | 67.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGHT | LBTYB |
|---|---|---|
| 2022 | -74.2% | -32.5% |
| 2023 | -12.5% | -6.3% |
| 2024 | -29.4% | -27.3% |
| 2025 | -26.2% | -8.7% |
| 2026 | +2.0% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGHT and LBTYB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EGHT and LBTYB?
The EGHT/LBTYB correlation stands at 0.38 on a 3-year window (1 year: 0.61, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is LBTYB a good diversifier for EGHT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: EGHT correlations · LBTYB correlations
