LIVE vs MP: Correlation
How closely do Live Ventures Incorporated (LIVE) and MP Materials Corp. (MP) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIVE and MP?
Over the past 3 years, LIVE and MP moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.18 versus -0.19 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1256.2 %².
Within LIVE's tracked universe of 15 assets, MP comes in at #10 by 3-year correlation. The last year tells two different stories: MP led by 35.8 percentage points, -53.1% for LIVE against -17.3% for MP.
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.
LIVE vs MP: side by side
| LIVE (Live Ventures Incorporated) | MP (MP Materials Corp.) | |
|---|---|---|
| 1-year return | -53.1% | -17.3% |
| 5-year return | -76.0% | +76.6% |
| Volatility (ann.) | 94.6% | 69.3% |
| Beta vs S&P 500 | 0.30 | 0.90 |
| Max drawdown (3Y) | -76.8% | -61.4% |
| Market cap | – | $10.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIVE | MP |
|---|---|---|
| 2022 | -0.7% | -46.5% |
| 2023 | -18.8% | -18.2% |
| 2024 | -63.3% | -21.4% |
| 2025 | +58.6% | +223.8% |
| 2026 | -37.1% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIVE and MP good diversifiers for each other?
Yes. With a correlation of -0.19, LIVE and MP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LIVE and MP?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.18 over the last year and -0.12 over 5 years.
Is MP a good diversifier for LIVE?
Yes. With a correlation of -0.19, LIVE and MP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/live-vs-mp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/live-vs-mp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIVE correlations · MP correlations
