KTB vs LIVN: Correlation
How closely do Kontoor Brands, Inc. (KTB) and LivaNova PLC (LIVN) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTB and LIVN?
Over the past 3 years, KTB and LIVN moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 893.9 %².
By 3-year correlation, LIVN places #6 of the 17 assets tracked against KTB. Their recent paths diverged sharply: over the last 12 months LIVN outperformed by 40.8 percentage points (+0.9% for KTB against +41.7% for LIVN).
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.
KTB vs LIVN: side by side
| KTB (Kontoor Brands, Inc.) | LIVN (LivaNova PLC) | |
|---|---|---|
| 1-year return | +0.9% | +41.7% |
| 5-year return | +65.6% | -2.9% |
| Volatility (ann.) | 44.3% | 40.6% |
| Beta vs S&P 500 | 1.05 | 0.98 |
| Max drawdown (3Y) | -44.9% | -47.2% |
| Market cap | $4.2B | $4.4B |
| P/E (trailing) | 15.6 | 23.6 |
| Dividend yield | 2.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTB | LIVN |
|---|---|---|
| 2022 | -18.3% | -36.5% |
| 2023 | +62.6% | -6.8% |
| 2024 | +40.7% | -10.5% |
| 2025 | -26.3% | +32.9% |
| 2026 | +27.1% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTB and LIVN good diversifiers for each other?
Only partially. A correlation of 0.50 means KTB and LIVN 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 KTB and LIVN?
The KTB/LIVN correlation stands at 0.50 on a 3-year window (1 year: 0.43, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is LIVN a good diversifier for KTB?
Only partially. A correlation of 0.50 means KTB and LIVN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ktb-vs-livn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ktb-vs-livn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KTB correlations · LIVN correlations
