LLYVA vs TKO: Correlation
Measured on weekly returns over the past three years, Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) and TKO Group Holdings (TKO) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVA and TKO?
Over the past 3 years, LLYVA and TKO moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.45 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 445.3 %².
By 3-year correlation, TKO places #7 of the 12 assets tracked against LLYVA. Over the last 12 months LLYVA came out ahead by 5.6 percentage points (+6.4% against +0.8%).
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 TKO: side by side
| LLYVA (Liberty Live Holdings, Inc. - Series A Liberty Live Group) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +6.4% | +0.8% |
| 5-year return | n/a | +281.8% |
| Volatility (ann.) | 30.7% | 32.1% |
| Beta vs S&P 500 | 0.99 | 0.70 |
| Max drawdown (3Y) | -24.4% | -34.8% |
| Market cap | $9.2B | $34.9B |
| P/E (trailing) | – | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | LLYVA | TKO |
|---|---|---|
| 2022 | – | +39.9% |
| 2023 | – | +23.9% |
| 2024 | +82.1% | +74.2% |
| 2025 | +22.4% | +48.9% |
| 2026 | +22.4% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVA and TKO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LLYVA and TKO?
As of 2026-08-27, the correlation of weekly returns between LLYVA and TKO is 0.45 over 3 years, 0.41 over 1 year and n/a over 5 years.
Is TKO a good diversifier for LLYVA?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/llyva-vs-tko/)
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Related comparisons
Hubs: LLYVA correlations · TKO correlations
