LLYVK vs RSP: Correlation
How closely do Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) and Invesco S&P 500 Equal Weight ETF (RSP) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVK and RSP?
Over the past 3 years, LLYVK and RSP moved with a correlation of 0.51, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.51 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 209.1 %².
By 3-year correlation, RSP places #5 of the 13 assets tracked against LLYVK. The trailing year gives RSP the advantage: +7.1% versus +19.2%, a 12.1-point spread. Note the risk asymmetry: LLYVK runs 2.3 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.
LLYVK vs RSP: side by side
| LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | RSP (Invesco S&P 500 Equal Weight ETF) | |
|---|---|---|
| 1-year return | +7.1% | +19.2% |
| 5-year return | n/a | +53.9% |
| Volatility (ann.) | 30.9% | 13.2% |
| Beta vs S&P 500 | 0.96 | 0.77 |
| Max drawdown (3Y) | -24.1% | -17.8% |
| Market cap | $9.5B | – |
| 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 | LLYVK | RSP |
|---|---|---|
| 2022 | – | -11.6% |
| 2023 | – | +13.7% |
| 2024 | +82.0% | +12.8% |
| 2025 | +22.2% | +11.2% |
| 2026 | +24.4% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVK and RSP good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LLYVK and RSP?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.36 over the last year and n/a over 5 years.
Is RSP a good diversifier for LLYVK?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/llyvk-vs-rsp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/llyvk-vs-rsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LLYVK correlations · RSP correlations
