LVO vs SPY: Correlation
LiveOne, Inc. (LVO) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVO and SPY?
Over the past 3 years, LVO and SPY moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.33). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 386.2 %².
Among the 13 assets we track against LVO, SPY ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPY ahead by 53.5 points (-32.9% versus +20.6%). One caveat on sizing: LVO is 5.7 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.
LVO vs SPY: side by side
| LVO (LiveOne, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -32.9% | +20.6% |
| 5-year return | -88.2% | +82.4% |
| Volatility (ann.) | 82.2% | 14.5% |
| Beta vs S&P 500 | 1.85 | 1.00 |
| Max drawdown (3Y) | -83.1% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | LVO | SPY |
|---|---|---|
| 2022 | -49.7% | -18.2% |
| 2023 | +115.8% | +26.2% |
| 2024 | +5.8% | +24.9% |
| 2025 | -67.9% | +17.7% |
| 2026 | -16.1% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVO and SPY good diversifiers for each other?
Reasonably. At 0.33, LVO and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LVO and SPY?
As of 2026-08-27, the correlation of weekly returns between LVO and SPY is 0.33 over 3 years, 0.13 over 1 year and 0.29 over 5 years.
Is SPY a good diversifier for LVO?
Reasonably. At 0.33, LVO and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
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Related comparisons
Hubs: LVO correlations · SPY correlations
