LYV vs RETO: Correlation
How closely do Live Nation Entertainment (LYV) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and RETO?
On 3 years of weekly data the LYV/RETO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.24). The 5-year figure is -0.13, and annualized covariance runs at -2642.3 %².
Out of 35 assets tracked against LYV, RETO lands near the bottom at #32. Correlation aside, the last 12 months split them widely, with LYV ahead by 105.4 points (+9.1% versus -96.3%). One caveat on sizing: RETO is 14.2 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 RETO: side by side
| LYV (Live Nation Entertainment) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | +9.1% | -96.3% |
| 5-year return | +108.7% | -100.0% |
| Volatility (ann.) | 28.1% | 399.9% |
| Beta vs S&P 500 | 1.02 | -2.83 |
| Max drawdown (3Y) | -27.8% | -99.5% |
| 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 | RETO |
|---|---|---|
| 2022 | -41.7% | -75.9% |
| 2023 | +34.2% | -99.1% |
| 2024 | +38.4% | -74.9% |
| 2025 | +10.0% | -57.1% |
| 2026 | +26.8% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and RETO good diversifiers for each other?
Yes. With a correlation of -0.24, LYV and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LYV and RETO?
As of 2026-08-27, the correlation of weekly returns between LYV and RETO is -0.24 over 3 years, -0.01 over 1 year and -0.13 over 5 years.
Is RETO a good diversifier for LYV?
Yes. With a correlation of -0.24, LYV and RETO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyv-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LYV correlations · RETO correlations
