LLYVK vs VXZ: Correlation
Measured on weekly returns over the past three years, Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVK and VXZ?
Over the past 3 years, LLYVK and VXZ moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -301.8 %².
Out of 13 assets tracked against LLYVK, VXZ lands near the bottom at #13. The last year tells two different stories: LLYVK led by 23.2 percentage points, +7.1% for LLYVK against -16.1% for VXZ.
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 VXZ: side by side
| LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +7.1% | -16.1% |
| 5-year return | n/a | -53.1% |
| Volatility (ann.) | 30.9% | 25.6% |
| Beta vs S&P 500 | 0.96 | -1.31 |
| Max drawdown (3Y) | -24.1% | -36.4% |
| Market cap | $9.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LLYVK | VXZ |
|---|---|---|
| 2022 | – | +0.5% |
| 2023 | – | -44.0% |
| 2024 | +82.0% | -12.7% |
| 2025 | +22.2% | +5.7% |
| 2026 | +24.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVK and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between LLYVK and VXZ?
The LLYVK/VXZ correlation stands at -0.38 on a 3-year window (1 year: -0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for LLYVK?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/llyvk-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/llyvk-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LLYVK correlations · VXZ correlations
