LBTYB vs TDG: Correlation
Liberty Global Ltd. - Class B (LBTYB) and TransDigm Group (TDG) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYB and TDG?
Over the past 3 years, LBTYB and TDG moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.18). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -268.2 %².
By 3-year correlation, TDG places #12 of the 22 assets tracked against LBTYB. Their recent paths diverged sharply: over the last 12 months LBTYB outperformed by 19.6 percentage points (+10.5% for LBTYB against -9.1% for TDG). One caveat on sizing: LBTYB is 2.3 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 TDG: side by side
| LBTYB (Liberty Global Ltd. - Class B) | TDG (TransDigm Group) | |
|---|---|---|
| 1-year return | +10.5% | -9.1% |
| 5-year return | -55.0% | +136.5% |
| Volatility (ann.) | 57.5% | 25.5% |
| Beta vs S&P 500 | 0.32 | 0.91 |
| Max drawdown (3Y) | -58.2% | -25.3% |
| Market cap | $4.4B | $65.6B |
| P/E (trailing) | – | 36.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | LBTYB | TDG |
|---|---|---|
| 2022 | -32.5% | +1.8% |
| 2023 | -6.3% | +66.6% |
| 2024 | -27.3% | +32.3% |
| 2025 | -8.7% | +12.2% |
| 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 TDG good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LBTYB and TDG?
The LBTYB/TDG correlation stands at -0.18 on a 3-year window (1 year: -0.39, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is TDG a good diversifier for LBTYB?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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
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Related comparisons
Hubs: LBTYB correlations · TDG correlations
