LYV vs RDDT: Correlation
How closely do Live Nation Entertainment (LYV) and Reddit (RDDT) 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 LYV and RDDT?
On 3 years of weekly data the LYV/RDDT correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.35 over 3. The 5-year figure is n/a, and annualized covariance runs at 735.7 %².
Among the 35 assets we track against LYV, RDDT ranks #22 by 3-year correlation. The last year tells two different stories: LYV led by 36.2 percentage points, +9.1% for LYV against -27.1% for RDDT. On a rolling one-year basis the correlation drifted between 0.18 and 0.49, a moderate band. One caveat on sizing: RDDT is 2.7 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.
LYV vs RDDT: side by side
| LYV (Live Nation Entertainment) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | +9.1% | -27.1% |
| 5-year return | +108.7% | n/a |
| Volatility (ann.) | 28.1% | 75.2% |
| Beta vs S&P 500 | 1.02 | 2.59 |
| Max drawdown (3Y) | -27.8% | -61.4% |
| Market cap | $42.1B | $29.6B |
| P/E (trailing) | – | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | LYV | RDDT |
|---|---|---|
| 2022 | -41.7% | – |
| 2023 | +34.2% | – |
| 2024 | +38.4% | – |
| 2025 | +10.0% | +40.6% |
| 2026 | +26.8% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and RDDT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LYV and RDDT?
As of 2026-08-27, the correlation of weekly returns between LYV and RDDT is 0.35 over 3 years, 0.31 over 1 year and n/a over 5 years.
Is RDDT a good diversifier for LYV?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyv-vs-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lyv-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYV correlations · RDDT correlations
