LIVN vs OPLN: Correlation
LivaNova PLC (LIVN) and OPENLANE, Inc. (OPLN) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIVN and OPLN?
Across a 3-year window, the weekly returns of LIVN and OPLN correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 672.7 %².
Few assets follow LIVN as closely as OPLN, which ranks #3 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with LIVN ahead by 19.7 points (+41.7% versus +22.0%).
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.
LIVN vs OPLN: side by side
| LIVN (LivaNova PLC) | OPLN (OPENLANE, Inc.) | |
|---|---|---|
| 1-year return | +41.7% | +22.0% |
| 5-year return | -2.9% | +111.4% |
| Volatility (ann.) | 40.6% | 33.5% |
| Beta vs S&P 500 | 0.98 | 1.02 |
| Max drawdown (3Y) | -47.2% | -22.1% |
| Market cap | $4.4B | $4.3B |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIVN | OPLN |
|---|---|---|
| 2022 | -36.5% | -16.5% |
| 2023 | -6.8% | +13.5% |
| 2024 | -10.5% | +34.0% |
| 2025 | +32.9% | +50.1% |
| 2026 | +30.1% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIVN and OPLN good diversifiers for each other?
Reasonably. At 0.49, LIVN and OPLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LIVN and OPLN?
As of 2026-08-27, the correlation of weekly returns between LIVN and OPLN is 0.49 over 3 years, 0.56 over 1 year and 0.44 over 5 years.
Is OPLN a good diversifier for LIVN?
Reasonably. At 0.49, LIVN and OPLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/livn-vs-opln.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/livn-vs-opln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIVN correlations · OPLN correlations
