ETON vs LLYVA: Correlation
Measured on weekly returns over the past three years, Eton Pharmaceuticals, Inc. (ETON) and Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETON and LLYVA?
Across a 3-year window, the weekly returns of ETON and LLYVA correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 664.5 %².
Few assets follow ETON as closely as LLYVA, which ranks #2 of 10 tracked partners. The last year tells two different stories: ETON led by 256.3 percentage points, +262.7% for ETON against +6.4% for LLYVA. Risk is not evenly split, since ETON carries 1.9 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.
ETON vs LLYVA: side by side
| ETON (Eton Pharmaceuticals, Inc.) | LLYVA (Liberty Live Holdings, Inc. - Series A Liberty Live Group) | |
|---|---|---|
| 1-year return | +262.7% | +6.4% |
| 5-year return | +1112.2% | n/a |
| Volatility (ann.) | 58.4% | 30.7% |
| Beta vs S&P 500 | 0.89 | 0.99 |
| Max drawdown (3Y) | -45.6% | -24.4% |
| Market cap | $1.8B | $9.2B |
| P/E (trailing) | 160.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETON | LLYVA |
|---|---|---|
| 2022 | -34.3% | – |
| 2023 | +55.3% | – |
| 2024 | +204.1% | +82.1% |
| 2025 | +27.0% | +22.4% |
| 2026 | +270.6% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETON and LLYVA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ETON and LLYVA?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is LLYVA a good diversifier for ETON?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/eton-vs-llyva.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eton-vs-llyva/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ETON correlations · LLYVA correlations
