LYV vs XLY: Correlation
How closely do Live Nation Entertainment (LYV) and Consumer Discretionary Select Sector SPDR Fund (XLY) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and XLY?
Across a 3-year window, the weekly returns of LYV and XLY correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.58, with an annualized covariance of 284.7 %².
By 3-year correlation, XLY places #15 of the 35 assets tracked against LYV. Over the last 12 months LYV came out ahead by 9.2 percentage points (+9.1% against -0.1%). Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.70.
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 XLY: side by side
| LYV (Live Nation Entertainment) | XLY (Consumer Discretionary Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +9.1% | -0.1% |
| 5-year return | +108.7% | +31.8% |
| Volatility (ann.) | 28.1% | 19.7% |
| Beta vs S&P 500 | 1.02 | 1.15 |
| Max drawdown (3Y) | -27.8% | -26.0% |
| Market cap | $42.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.78% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $22.5B |
| Sector / category | Communication Services | Sector ETF |
XLY is a Consumer Cyclical fund from State Street Investment Management: $22.5B under management, 47 holdings, a 0.08% expense ratio, a 0.78% trailing dividend yield.
Year-by-year returns
| Year | LYV | XLY |
|---|---|---|
| 2022 | -41.7% | -36.3% |
| 2023 | +34.2% | +39.6% |
| 2024 | +38.4% | +26.5% |
| 2025 | +10.0% | +7.4% |
| 2026 | +26.8% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and XLY 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 XLY?
As of 2026-08-27, the correlation of weekly returns between LYV and XLY is 0.52 over 3 years, 0.24 over 1 year and 0.58 over 5 years.
Is XLY 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 · XLY correlations
