LYV vs VT: Correlation
Measured on weekly returns over the past three years, Live Nation Entertainment (LYV) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and VT?
Over the past 3 years, LYV and VT moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 205.1 %².
By 3-year correlation, VT places #4 of the 35 assets tracked against LYV. On 12-month performance VT holds a 13.6-point edge, +9.1% against +22.7%. The rolling one-year correlation moved between 0.35 and 0.73 over the past three years, a moderate range. One caveat on sizing: LYV is 2.0 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 VT: side by side
| LYV (Live Nation Entertainment) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +9.1% | +22.7% |
| 5-year return | +108.7% | +67.7% |
| Volatility (ann.) | 28.1% | 13.9% |
| Beta vs S&P 500 | 1.02 | 0.92 |
| Max drawdown (3Y) | -27.8% | -16.5% |
| Market cap | $42.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | Communication Services | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | LYV | VT |
|---|---|---|
| 2022 | -41.7% | -18.0% |
| 2023 | +34.2% | +22.0% |
| 2024 | +38.4% | +16.5% |
| 2025 | +10.0% | +22.4% |
| 2026 | +26.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and VT good diversifiers for each other?
To a limited degree. At 0.53 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 VT?
The LYV/VT correlation stands at 0.53 on a 3-year window (1 year: 0.35, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for LYV?
To a limited degree. At 0.53 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 0.53 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-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lyv-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYV correlations · VT correlations
