LLYVA vs LYV: Correlation
Measured on weekly returns over the past three years, Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) and Live Nation Entertainment (LYV) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVA and LYV?
Over the past 3 years, LLYVA and LYV moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 752.8 %².
In LLYVA's tracked universe of 12 assets, LYV sits right near the top at #2. Twelve-month performance is nearly a tie, at +6.4% for LLYVA and +9.1% for LYV.
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.
LLYVA vs LYV: side by side
| LLYVA (Liberty Live Holdings, Inc. - Series A Liberty Live Group) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | +6.4% | +9.1% |
| 5-year return | n/a | +108.7% |
| Volatility (ann.) | 30.7% | 28.1% |
| Beta vs S&P 500 | 0.99 | 1.02 |
| Max drawdown (3Y) | -24.4% | -27.8% |
| Market cap | $9.2B | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | LLYVA | LYV |
|---|---|---|
| 2022 | – | -41.7% |
| 2023 | – | +34.2% |
| 2024 | +82.1% | +38.4% |
| 2025 | +22.4% | +10.0% |
| 2026 | +22.4% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVA and LYV good diversifiers for each other?
No. With a correlation of 0.87, LLYVA and LYV move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between LLYVA and LYV?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.89 over the last year and n/a over 5 years.
Is LYV a good diversifier for LLYVA?
No. With a correlation of 0.87, LLYVA and LYV move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
A reading of 0.87 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
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Related comparisons
Hubs: LLYVA correlations · LYV correlations
