LILA vs TVRD: Correlation
How closely do Liberty Latin America Ltd. (LILA) and Tvardi Therapeutics, Inc. (TVRD) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LILA and TVRD?
Across a 3-year window, the weekly returns of LILA and TVRD correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.21 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -1239.4 %².
Out of 13 assets tracked against LILA, TVRD lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months LILA outperformed by 146.6 percentage points (+52.5% for LILA against -94.1% for TVRD). Risk is not evenly split, since TVRD carries 2.4 times the volatility of the other side.
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.
LILA vs TVRD: side by side
| LILA (Liberty Latin America Ltd.) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +52.5% | -94.1% |
| 5-year return | -13.8% | -99.7% |
| Volatility (ann.) | 49.9% | 119.7% |
| Beta vs S&P 500 | 0.47 | 1.39 |
| Max drawdown (3Y) | -57.1% | -98.5% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LILA | TVRD |
|---|---|---|
| 2022 | -35.4% | -11.8% |
| 2023 | -2.9% | -93.1% |
| 2024 | -13.0% | -31.4% |
| 2025 | +16.2% | -76.6% |
| 2026 | +65.9% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILA and TVRD good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between LILA and TVRD?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.40 over the last year and -0.11 over 5 years.
Is TVRD a good diversifier for LILA?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/lila-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lila-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LILA correlations · TVRD correlations
