LLYVK vs RVT: Correlation
How closely do Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVK and RVT?
Across a 3-year window, the weekly returns of LLYVK and RVT correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 310.8 %².
Few assets follow LLYVK as closely as RVT, which ranks #3 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 20.3 percentage points (+7.1% for LLYVK against +27.4% for RVT). One caveat on sizing: LLYVK is 1.6 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.
LLYVK vs RVT: side by side
| LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | +27.4% |
| 5-year return | n/a | +53.9% |
| Volatility (ann.) | 30.9% | 19.1% |
| Beta vs S&P 500 | 0.96 | 0.99 |
| Max drawdown (3Y) | -24.1% | -23.5% |
| Market cap | $9.5B | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LLYVK | RVT |
|---|---|---|
| 2022 | – | -26.3% |
| 2023 | – | +18.8% |
| 2024 | +82.0% | +17.9% |
| 2025 | +22.2% | +11.5% |
| 2026 | +24.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVK and RVT good diversifiers for each other?
To a limited degree. At 0.53 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 LLYVK and RVT?
The LLYVK/RVT correlation stands at 0.53 on a 3-year window (1 year: 0.46, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for LLYVK?
To a limited degree. At 0.53 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 0.53 mean?
A reading of 0.53 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-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/llyvk-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LLYVK correlations · RVT correlations
