KELYB vs LBTYB: Correlation
How closely do Kelly Services, Inc. (KELYB) and Liberty Global Ltd. - Class B (LBTYB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KELYB and LBTYB?
Over the past 3 years, KELYB and LBTYB moved with a correlation of 0.44, which is moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.44). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1535.6 %².
In KELYB's tracked universe of 12 assets, LBTYB sits right near the top at #1. The last year tells two different stories: KELYB led by 52.3 percentage points, +62.8% for KELYB against +10.5% for LBTYB.
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.
KELYB vs LBTYB: side by side
| KELYB (Kelly Services, Inc.) | LBTYB (Liberty Global Ltd. - Class B) | |
|---|---|---|
| 1-year return | +62.8% | +10.5% |
| 5-year return | +26.3% | -55.0% |
| Volatility (ann.) | 60.8% | 57.5% |
| Beta vs S&P 500 | 0.40 | 0.32 |
| Max drawdown (3Y) | -66.9% | -58.2% |
| Market cap | $0.8B | $4.4B |
| P/E (trailing) | – | – |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KELYB | LBTYB |
|---|---|---|
| 2022 | +3.1% | -32.5% |
| 2023 | +27.5% | -6.3% |
| 2024 | -34.7% | -27.3% |
| 2025 | -35.9% | -8.7% |
| 2026 | +170.6% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KELYB and LBTYB good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KELYB and LBTYB?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.58 over the last year and 0.40 over 5 years.
Is LBTYB a good diversifier for KELYB?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KELYB correlations · LBTYB correlations
