LIVN vs OWLT: Correlation
LivaNova PLC (LIVN) and Owlet, Inc. (OWLT) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIVN and OWLT?
Over the past 3 years, LIVN and OWLT moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.40 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1228.6 %².
Within LIVN's tracked universe of 16 assets, OWLT comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LIVN ahead by 72.2 points (+41.7% versus -30.5%). One caveat on sizing: OWLT is 1.8 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.
LIVN vs OWLT: side by side
| LIVN (LivaNova PLC) | OWLT (Owlet, Inc.) | |
|---|---|---|
| 1-year return | +41.7% | -30.5% |
| 5-year return | -2.9% | -94.4% |
| Volatility (ann.) | 40.6% | 75.1% |
| Beta vs S&P 500 | 0.98 | 1.79 |
| Max drawdown (3Y) | -47.2% | -73.1% |
| Market cap | $4.4B | $0.1B |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIVN | OWLT |
|---|---|---|
| 2022 | -36.5% | -79.1% |
| 2023 | -6.8% | -32.5% |
| 2024 | -10.5% | -15.7% |
| 2025 | +32.9% | +263.8% |
| 2026 | +30.1% | -69.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIVN and OWLT good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LIVN and OWLT?
As of 2026-08-27, the correlation of weekly returns between LIVN and OWLT is 0.40 over 3 years, 0.57 over 1 year and 0.31 over 5 years.
Is OWLT a good diversifier for LIVN?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/livn-vs-owlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/livn-vs-owlt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIVN correlations · OWLT correlations
