LYV vs VTI: Correlation
Measured on weekly returns over the past three years, Live Nation Entertainment (LYV) and Vanguard Total Stock Market ETF (VTI) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and VTI?
Across a 3-year window, the weekly returns of LYV and VTI correlate at 0.54, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.54). Stretching to 5 years gives 0.57, with an annualized covariance of 220.5 %².
In LYV's tracked universe of 35 assets, VTI sits right near the top at #3. Over the last 12 months VTI came out ahead by 11.6 percentage points (+9.1% against +20.7%). The rolling one-year correlation moved between 0.28 and 0.71 over the past three years, a moderate range. Risk is not evenly split, since LYV carries 1.9 times the volatility of the other side.
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 VTI: side by side
| LYV (Live Nation Entertainment) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +9.1% | +20.7% |
| 5-year return | +108.7% | +74.8% |
| Volatility (ann.) | 28.1% | 14.6% |
| Beta vs S&P 500 | 1.02 | 1.01 |
| Max drawdown (3Y) | -27.8% | -19.3% |
| Market cap | $42.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | Communication Services | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | LYV | VTI |
|---|---|---|
| 2022 | -41.7% | -19.5% |
| 2023 | +34.2% | +26.0% |
| 2024 | +38.4% | +23.8% |
| 2025 | +10.0% | +17.1% |
| 2026 | +26.8% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and VTI good diversifiers for each other?
Only partially. A correlation of 0.54 means LYV and VTI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LYV and VTI?
The LYV/VTI correlation stands at 0.54 on a 3-year window (1 year: 0.29, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is VTI a good diversifier for LYV?
Only partially. A correlation of 0.54 means LYV and VTI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyv-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lyv-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYV correlations · VTI correlations
