LLYVA vs RSP: Correlation
How closely do Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVA and RSP?
On 3 years of weekly data the LLYVA/RSP correlation comes out at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.52 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 210.5 %².
Among the 12 assets we track against LLYVA, RSP ranks #4 by 3-year correlation. Over the last 12 months RSP came out ahead by 12.8 percentage points (+6.4% against +19.2%). One caveat on sizing: LLYVA is 2.3 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.
LLYVA vs RSP: side by side
| LLYVA (Liberty Live Holdings, Inc. - Series A Liberty Live Group) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +6.4% | +19.2% |
| 5-year return | n/a | +53.9% |
| Volatility (ann.) | 30.7% | 13.2% |
| Beta vs S&P 500 | 0.99 | 0.77 |
| Max drawdown (3Y) | -24.4% | -17.8% |
| Market cap | $9.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.49% |
| Expense ratio | – | 0.20% |
| Assets under management | – | $97.3B |
| Sector / category | US Listed | ETF · US Large Cap |
On the fund side, RSP sits in the Large Blend category at Invesco, with $97.3B under management, 505 holdings, a 0.20% expense ratio, a 1.49% trailing dividend yield.
Year-by-year returns
| Year | LLYVA | RSP |
|---|---|---|
| 2022 | – | -11.6% |
| 2023 | – | +13.7% |
| 2024 | +82.1% | +12.8% |
| 2025 | +22.4% | +11.2% |
| 2026 | +22.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVA and RSP good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LLYVA and RSP?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.40 over the last year and n/a over 5 years.
Is RSP a good diversifier for LLYVA?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/llyva-vs-rsp.json
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[](https://www.pairbook.io/pair/llyva-vs-rsp/)
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Related comparisons
Hubs: LLYVA correlations · RSP correlations
