IVV vs LYV: Correlation
Measured on weekly returns over the past three years, iShares Core S&P 500 ETF (IVV) and Live Nation Entertainment (LYV) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVV and LYV?
Over the past 3 years, IVV and LYV moved with a correlation of 0.52, which is moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.52). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 212.4 %².
Among the 122 assets we track against IVV, LYV ranks #87 by 3-year correlation. The trailing year gives IVV the advantage: +20.7% versus +9.1%, a 11.6-point spread. Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.70. One caveat on sizing: LYV is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IVV vs LYV: side by side
| IVV (iShares Core S&P 500 ETF) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | +20.7% | +9.1% |
| 5-year return | +83.0% | +108.7% |
| Volatility (ann.) | 14.5% | 28.1% |
| Beta vs S&P 500 | 1.00 | 1.02 |
| Max drawdown (3Y) | -18.8% | -27.8% |
| Market cap | – | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.09% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | Communication Services |
IVV, iShares's Large Blend fund, carries $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | IVV | LYV |
|---|---|---|
| 2022 | -18.2% | -41.7% |
| 2023 | +26.3% | +34.2% |
| 2024 | +24.9% | +38.4% |
| 2025 | +17.8% | +10.0% |
| 2026 | +13.7% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVV and LYV good diversifiers for each other?
Only partially. A correlation of 0.52 means IVV and LYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IVV and LYV?
The IVV/LYV correlation stands at 0.52 on a 3-year window (1 year: 0.28, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is LYV a good diversifier for IVV?
Only partially. A correlation of 0.52 means IVV and LYV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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: IVV correlations · LYV correlations
