LYV vs MNDR: Correlation
How closely do Live Nation Entertainment (LYV) and Mobile-health Network Solutions - Class A (MNDR) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and MNDR?
On 3 years of weekly data the LYV/MNDR correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -717.0 %².
Among the 35 assets we track against LYV, MNDR ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LYV outperformed by 104.0 percentage points (+9.1% for LYV against -94.9% for MNDR). Note the risk asymmetry: MNDR runs 5.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LYV vs MNDR: side by side
| LYV (Live Nation Entertainment) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | +9.1% | -94.9% |
| 5-year return | +108.7% | n/a |
| Volatility (ann.) | 28.1% | 161.8% |
| Beta vs S&P 500 | 1.02 | -0.61 |
| Max drawdown (3Y) | -27.8% | -100.0% |
| Market cap | $42.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | LYV | MNDR |
|---|---|---|
| 2022 | -41.7% | – |
| 2023 | +34.2% | – |
| 2024 | +38.4% | – |
| 2025 | +10.0% | -93.0% |
| 2026 | +26.8% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and MNDR good diversifiers for each other?
Yes. With a correlation of -0.16, LYV and MNDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LYV and MNDR?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.13 over the last year and n/a over 5 years.
Is MNDR a good diversifier for LYV?
Yes. With a correlation of -0.16, LYV and MNDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/lyv-vs-mndr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lyv-vs-mndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYV correlations · MNDR correlations
