LLYVA vs RVT: Correlation
Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) and Royce Small-Cap Trust, Inc. (RVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVA and RVT?
Across a 3-year window, the weekly returns of LLYVA and RVT correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.53 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 308.8 %².
Few assets follow LLYVA as closely as RVT, which ranks #3 of 12 tracked partners. The last year tells two different stories: RVT led by 21.0 percentage points, +6.4% for LLYVA against +27.4% for RVT. Note the risk asymmetry: LLYVA runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RVT: side by side
| LLYVA (Liberty Live Holdings, Inc. - Series A Liberty Live Group) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +6.4% | +27.4% |
| 5-year return | n/a | +53.9% |
| Volatility (ann.) | 30.7% | 19.1% |
| Beta vs S&P 500 | 0.99 | 0.99 |
| Max drawdown (3Y) | -24.4% | -23.5% |
| Market cap | $9.2B | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LLYVA | RVT |
|---|---|---|
| 2022 | – | -26.3% |
| 2023 | – | +18.8% |
| 2024 | +82.1% | +17.9% |
| 2025 | +22.4% | +11.5% |
| 2026 | +22.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVA and RVT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LLYVA and RVT?
The LLYVA/RVT correlation stands at 0.53 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for LLYVA?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/llyva-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/llyva-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LLYVA correlations · RVT correlations
