LBTYA vs LBTYK: Correlation
Measured on weekly returns over the past three years, Liberty Global Ltd. - Class A (LBTYA) and Liberty Global Ltd. - Class C (LBTYK) carry a correlation of 0.98, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYA and LBTYK?
On 3 years of weekly data the LBTYA/LBTYK correlation comes out at 0.98, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.98 lands near the 3-year figure. The 5-year figure is 0.99, and annualized covariance runs at 890.1 %².
In LBTYA's tracked universe of 10 assets, LBTYK sits right near the top at #1. Neither side won the trailing year by much: -10.6% against -14.4%.
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.
LBTYA vs LBTYK: side by side
| LBTYA (Liberty Global Ltd. - Class A) | LBTYK (Liberty Global Ltd. - Class C) | |
|---|---|---|
| 1-year return | -10.6% | -14.4% |
| 5-year return | -28.1% | -31.3% |
| Volatility (ann.) | 30.5% | 29.7% |
| Beta vs S&P 500 | 0.49 | 0.45 |
| Max drawdown (3Y) | -35.7% | -36.4% |
| Market cap | $3.6B | $3.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBTYA | LBTYK |
|---|---|---|
| 2022 | -31.8% | -30.8% |
| 2023 | -6.1% | -4.1% |
| 2024 | +39.4% | +34.6% |
| 2025 | -12.7% | -16.0% |
| 2026 | -5.4% | -6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYA and LBTYK good diversifiers for each other?
No. With a correlation of 0.98, LBTYA and LBTYK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between LBTYA and LBTYK?
The LBTYA/LBTYK correlation stands at 0.98 on a 3-year window (1 year: 0.98, 5 years: 0.99), computed from weekly returns as of 2026-08-27.
Is LBTYK a good diversifier for LBTYA?
No. With a correlation of 0.98, LBTYA and LBTYK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.98 mean?
A reading of 0.98 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/lbtya-vs-lbtyk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lbtya-vs-lbtyk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LBTYA correlations · LBTYK correlations
