LLYVK vs LYV: Correlation
How closely do Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) and Live Nation Entertainment (LYV) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVK and LYV?
On 3 years of weekly data the LLYVK/LYV correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.90 over 1 year against 0.88 over 3. The 5-year figure is n/a, and annualized covariance runs at 760.1 %².
In LLYVK's tracked universe of 13 assets, LYV sits right near the top at #2. Neither side won the trailing year by much: +7.1% against +9.1%.
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.
LLYVK vs LYV: side by side
| LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | +7.1% | +9.1% |
| 5-year return | n/a | +108.7% |
| Volatility (ann.) | 30.9% | 28.1% |
| Beta vs S&P 500 | 0.96 | 1.02 |
| Max drawdown (3Y) | -24.1% | -27.8% |
| Market cap | $9.5B | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | LLYVK | LYV |
|---|---|---|
| 2022 | – | -41.7% |
| 2023 | – | +34.2% |
| 2024 | +82.0% | +38.4% |
| 2025 | +22.2% | +10.0% |
| 2026 | +24.4% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVK and LYV good diversifiers for each other?
No: a correlation of 0.88 means LLYVK and LYV tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between LLYVK and LYV?
As of 2026-08-27, the correlation of weekly returns between LLYVK and LYV is 0.88 over 3 years, 0.90 over 1 year and n/a over 5 years.
Is LYV a good diversifier for LLYVK?
No: a correlation of 0.88 means LLYVK and LYV tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
A reading of 0.88 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/llyvk-vs-lyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/llyvk-vs-lyv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LLYVK correlations · LYV correlations
