LYV vs TTWO: Correlation
How closely do Live Nation Entertainment (LYV) and Take-Two Interactive (TTWO) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and TTWO?
Across a 3-year window, the weekly returns of LYV and TTWO correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 280.7 %².
Within LYV's tracked universe of 35 assets, TTWO comes in at #21 by 3-year correlation. Over the last 12 months LYV came out ahead by 8.7 percentage points (+9.1% against +0.4%). Across three years, the rolling one-year figure varied moderately, from 0.22 to 0.60.
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 TTWO: side by side
| LYV (Live Nation Entertainment) | TTWO (Take-Two Interactive) | |
|---|---|---|
| 1-year return | +9.1% | +0.4% |
| 5-year return | +108.7% | +47.3% |
| Volatility (ann.) | 28.1% | 27.3% |
| Beta vs S&P 500 | 1.02 | 0.85 |
| Max drawdown (3Y) | -27.8% | -27.7% |
| Market cap | $42.1B | $43.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | LYV | TTWO |
|---|---|---|
| 2022 | -41.7% | -41.4% |
| 2023 | +34.2% | +54.6% |
| 2024 | +38.4% | +14.4% |
| 2025 | +10.0% | +39.1% |
| 2026 | +26.8% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and TTWO good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LYV and TTWO?
The LYV/TTWO correlation stands at 0.37 on a 3-year window (1 year: 0.31, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TTWO a good diversifier for LYV?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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-ttwo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lyv-vs-ttwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LYV correlations · TTWO correlations
