LYV vs TLSA: Correlation
How closely do Live Nation Entertainment (LYV) and Tiziana Life Sciences Ltd (TLSA) 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 TLSA?
On 3 years of weekly data the LYV/TLSA correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.16). The 5-year figure is -0.08, and annualized covariance runs at -407.8 %².
Within LYV's tracked universe of 35 assets, TLSA comes in at #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LYV ahead by 50.7 points (+9.1% versus -41.6%). One caveat on sizing: TLSA is 3.3 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 TLSA: side by side
| LYV (Live Nation Entertainment) | TLSA (Tiziana Life Sciences Ltd) | |
|---|---|---|
| 1-year return | +9.1% | -41.6% |
| 5-year return | +108.7% | -31.6% |
| Volatility (ann.) | 28.1% | 92.1% |
| Beta vs S&P 500 | 1.02 | -0.48 |
| Max drawdown (3Y) | -27.8% | -64.4% |
| Market cap | $42.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | LYV | TLSA |
|---|---|---|
| 2022 | -41.7% | -37.5% |
| 2023 | +34.2% | -6.7% |
| 2024 | +38.4% | +25.0% |
| 2025 | +10.0% | +112.9% |
| 2026 | +26.8% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and TLSA good diversifiers for each other?
Yes. With a correlation of -0.16, LYV and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LYV and TLSA?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.08 over the last year and -0.08 over 5 years.
Is TLSA a good diversifier for LYV?
Yes. With a correlation of -0.16, LYV and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyv-vs-tlsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyv-vs-tlsa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LYV correlations · TLSA correlations
