LLYVK vs TKO: Correlation
Measured on weekly returns over the past three years, Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) 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 LLYVK and TKO?
Across a 3-year window, the weekly returns of LLYVK and TKO correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 445.4 %².
Among the 13 assets we track against LLYVK, TKO ranks #7 by 3-year correlation. On 12-month performance LLYVK holds a 6.3-point edge, +7.1% 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.
LLYVK vs TKO: side by side
| LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +7.1% | +0.8% |
| 5-year return | n/a | +281.8% |
| Volatility (ann.) | 30.9% | 32.1% |
| Beta vs S&P 500 | 0.96 | 0.70 |
| Max drawdown (3Y) | -24.1% | -34.8% |
| Market cap | $9.5B | $34.9B |
| P/E (trailing) | – | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | LLYVK | TKO |
|---|---|---|
| 2022 | – | +39.9% |
| 2023 | – | +23.9% |
| 2024 | +82.0% | +74.2% |
| 2025 | +22.2% | +48.9% |
| 2026 | +24.4% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVK and TKO good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LLYVK and TKO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.40 over the last year and n/a over 5 years.
Is TKO a good diversifier for LLYVK?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/llyvk-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LLYVK correlations · TKO correlations
