LBTYB vs PYPL: Correlation
Measured on weekly returns over the past three years, Liberty Global Ltd. - Class B (LBTYB) and PayPal (PYPL) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYB and PYPL?
Over the past 3 years, LBTYB and PYPL moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -375.7 %².
Among the 22 assets we track against LBTYB, PYPL ranks #11 by 3-year correlation. The last year tells two different stories: LBTYB led by 21.5 percentage points, +10.5% for LBTYB against -11.0% for PYPL. Note the risk asymmetry: LBTYB runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PYPL: side by side
| LBTYB (Liberty Global Ltd. - Class B) | PYPL (PayPal) | |
|---|---|---|
| 1-year return | +10.5% | -11.0% |
| 5-year return | -55.0% | -78.5% |
| Volatility (ann.) | 57.5% | 37.1% |
| Beta vs S&P 500 | 0.32 | 1.15 |
| Max drawdown (3Y) | -58.2% | -57.3% |
| Market cap | $4.4B | $52.6B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LBTYB | PYPL |
|---|---|---|
| 2022 | -32.5% | -62.2% |
| 2023 | -6.3% | -13.8% |
| 2024 | -27.3% | +39.0% |
| 2025 | -8.7% | -31.4% |
| 2026 | +9.4% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYB and PYPL good diversifiers for each other?
Yes. With a correlation of -0.18, LBTYB and PYPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LBTYB and PYPL?
The LBTYB/PYPL correlation stands at -0.18 on a 3-year window (1 year: -0.44, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is PYPL a good diversifier for LBTYB?
Yes. With a correlation of -0.18, LBTYB and PYPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/lbtyb-vs-pypl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lbtyb-vs-pypl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LBTYB correlations · PYPL correlations
