LYV vs VOO: Correlation
Live Nation Entertainment (LYV) and Vanguard S&P 500 ETF (VOO) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and VOO?
Over the past 3 years, LYV and VOO moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.52 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 211.3 %².
By 3-year correlation, VOO places #14 of the 35 assets tracked against LYV. The trailing year gives VOO the advantage: +9.1% versus +20.6%, a 11.5-point spread. Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.70. Note the risk asymmetry: LYV runs 2.0 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 VOO: side by side
| LYV (Live Nation Entertainment) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +9.1% | +20.6% |
| 5-year return | +108.7% | +83.0% |
| Volatility (ann.) | 28.1% | 14.4% |
| Beta vs S&P 500 | 1.02 | 0.99 |
| Max drawdown (3Y) | -27.8% | -18.7% |
| Market cap | $42.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Communication Services | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | LYV | VOO |
|---|---|---|
| 2022 | -41.7% | -18.2% |
| 2023 | +34.2% | +26.3% |
| 2024 | +38.4% | +25.0% |
| 2025 | +10.0% | +17.8% |
| 2026 | +26.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and VOO good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LYV and VOO?
As of 2026-08-27, the correlation of weekly returns between LYV and VOO is 0.52 over 3 years, 0.28 over 1 year and 0.55 over 5 years.
Is VOO a good diversifier for LYV?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: LYV correlations · VOO correlations
