LVO vs RDZN: Correlation
How closely do LiveOne, Inc. (LVO) and Roadzen, Inc. (RDZN) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVO and RDZN?
Over the past 3 years, LVO and RDZN moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 3530.4 %².
By 3-year correlation, RDZN places #6 of the 13 assets tracked against LVO. The last year tells two different stories: RDZN led by 83.4 percentage points, -32.9% for LVO against +50.5% for RDZN.
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.
LVO vs RDZN: side by side
| LVO (LiveOne, Inc.) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | -32.9% | +50.5% |
| 5-year return | -88.2% | -84.9% |
| Volatility (ann.) | 82.2% | 122.6% |
| Beta vs S&P 500 | 1.85 | 1.57 |
| Max drawdown (3Y) | -83.1% | -94.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 6.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LVO | RDZN |
|---|---|---|
| 2022 | -49.7% | – |
| 2023 | +115.8% | -50.3% |
| 2024 | +5.8% | -57.2% |
| 2025 | -67.9% | +10.6% |
| 2026 | -16.1% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVO and RDZN good diversifiers for each other?
Reasonably. At 0.35, LVO and RDZN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LVO and RDZN?
As of 2026-08-27, the correlation of weekly returns between LVO and RDZN is 0.35 over 3 years, 0.18 over 1 year and 0.29 over 5 years.
Is RDZN a good diversifier for LVO?
Reasonably. At 0.35, LVO and RDZN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/lvo-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lvo-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LVO correlations · RDZN correlations
