LBTYB vs PRU: Correlation
Measured on weekly returns over the past three years, Liberty Global Ltd. - Class B (LBTYB) and Prudential Financial (PRU) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYB and PRU?
On 3 years of weekly data the LBTYB/PRU correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.17). The 5-year figure is -0.01, and annualized covariance runs at -221.7 %².
Among the 22 assets we track against LBTYB, PRU ranks #9 by 3-year correlation. The trailing year gives PRU the advantage: +10.5% versus +15.8%, a 5.3-point spread. One caveat on sizing: LBTYB is 2.5 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.
LBTYB vs PRU: side by side
| LBTYB (Liberty Global Ltd. - Class B) | PRU (Prudential Financial) | |
|---|---|---|
| 1-year return | +10.5% | +15.8% |
| 5-year return | -55.0% | +45.1% |
| Volatility (ann.) | 57.5% | 23.0% |
| Beta vs S&P 500 | 0.32 | 0.79 |
| Max drawdown (3Y) | -58.2% | -25.7% |
| Market cap | $4.4B | $41.5B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 0.00% | 4.57% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LBTYB | PRU |
|---|---|---|
| 2022 | -32.5% | -3.9% |
| 2023 | -6.3% | +10.1% |
| 2024 | -27.3% | +19.5% |
| 2025 | -8.7% | +0.2% |
| 2026 | +9.4% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYB and PRU good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between LBTYB and PRU?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.37 over the last year and -0.01 over 5 years.
Is PRU a good diversifier for LBTYB?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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/lbtyb-vs-pru.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lbtyb-vs-pru/)
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Related comparisons
Hubs: LBTYB correlations · PRU correlations
