# How Live Nation Entertainment (LYV) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/lyv
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on LYV alone. It places LYV (Live Nation Entertainment, Inc.) against 17 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where LYV stands in the market, and of the alternatives worth a closer look.

Period covered: LYV's full trading record, from December 2005 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** After a 27.8% loss from September 2025 to November 2025, LYV has bounced 28.5% off the low. Even so, LYV has gone against the market, falling 3.4% over the past 3 months while the S&P 500 rose 3.9%.
- **Stock or market?:** LYV fell 3.4% over the past 3 months, 3.1 points behind the entertainment ETF XLC (State Street Communication Services Select Sector SPDR ETF), which fell 0.2%. The S&P 500 rose 3.9%. Its entertainment peers did not move as one over the past 3 months: DIS (Walt Disney) rose 15.8%, while SPHR (Sphere Entertainment) fell 18.0%.
- **Past 1 to 3 years:** Over the past year, LYV rose 11.5% against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100.
- **Long term:** LYV turned $10,000 into $63,800 over the past decade, against $42,100 in the S&P 500. That said, the past 5 years only trailed the S&P 500 (74.3% against 81.7%), after a much stronger decade (538% against 321%).
- **In a crash:** Across six sell-offs, LYV has typically fallen 1.7 times as far as the S&P 500. In the Covid crash, LYV fell 61.2%, against 33.7% for the S&P 500. That was more than DIS (Walt Disney, 39.3%) but less than CNK (Cinemark, 79.6%).
- **Diversification:** LYV is some diversification, but not a hedge: a correlation of 0.60 with the S&P 500 over 5 years and 0.63 with the total US market, more closely than 90% of stocks worth at least $300 million.
- **Better options**
  - **Popular alternatives:** MSGS (Madison Square Garden Sports), BATRA (Atlanta Braves) and BATRK (Atlanta Braves) earned more than LYV with less volatility over the past 5 years. MSGS returned 18.4% a year at 25.6% volatility, against 11.8% a year at 34.5%.
  - **Nearby categories and themes:** GOOG (Alphabet, internet services) and TIMB (TIM, telecommunications) earned more than LYV with less volatility over the past 5 years. GOOG returned 19.0% a year at 32.0% volatility, against 11.8% a year at 34.5%.
  - **Whole market:** 421 of the 3,633 stocks and funds worth at least $500 million earned more than LYV with less volatility over the past 5 years, among them AAPL (Apple), GOOG (Alphabet) and BRK-B (Berkshire Hathaway).

## How much would $10,000 in LYV have grown?

This chart tracks a hypothetical $10,000 investment in LYV over the past 19 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of LYV over the same span and LYV's popular alternatives, among those that traded for the entire period.

- $10,000 invested in LYV at the end of September 2007 would have grown to $79,675 by September 2026, more than the $70,725 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of LYV, and BKNG finished highest, at $469,495.

## LYV at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- LYV's deepest decline since it began trading in 2005 was 89.9%, from February 2007 to March 2009. It took about five years from the low to climb back to its old high.
- Over 20 full calendar years, LYV's best was 2013, when it returned 112%, and its worst was 2008, when it lost 60.5%. It lost money in five of those years.
- LYV is 7.2% below its all-time high.

- Type: Stock, Communication (Entertainment)
- Trading since: December 21, 2005
- Market value: $41B
- Volatility (5 years): 34.5%; Sharpe ratio: 0.50
- Worst decline ever: −89.9%, from February 8, 2007 to March 20, 2009; back at its high by July 3, 2014

| Period | LYV total return |
| --- | --- |
| 1 month | +3.3% |
| 3 months | −3.4% |
| 6 months | +12.0% |
| year to date | +20.3% |
| 1 year | +11.5% |
| 3 years | +119% |
| 5 years | +74.3% |
| 10 years | +538% |

## LYV against the whole market

Where LYV ranks among every stock and fund, and what across the market has done better.

### How does LYV rank among all stocks?

This section ranks LYV on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- LYV's 10-year return ranks in the top 13% of the 2,202 stocks worth at least $300 million with 10 years of history.

| Measure | LYV | Rank |
| --- | --- | --- |
| 1-year return | +11.5% | 1,528 of 3,287 (top 47%) |
| 3-year return | +119% | 778 of 3,017 (top 26%) |
| 5-year return | +74.3% | 864 of 2,893 (top 30%) |
| 10-year return | +538% | 277 of 2,202 (top 13%) |
| Volatility, 5 years | 34.5% | 1,105 of 2,893 (top 39%) |
| Sharpe ratio, 5 years | 0.50 | 938 of 2,893 (top 33%) |
| Worst decline, past 10 years | −61.2% | 930 of 2,187 (top 43%) |

### What has beaten LYV on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 262 stocks and 159 ETFs worth at least $500 million sit in the green region: each earned more than LYV over the past 5 years with smaller price swings. That is 12% of the 3,633 screened.
- Among those with at least half LYV's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 28% less than LYV's 34.5%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.50 for LYV. HWM earned the most, 47.3% a year, while still swinging less than LYV (32.5% against 34.5%).
- Among LYV's popular alternatives, TKO, MSGS and BATRA are in the region. TKO earned 26.3% a year against 11.8% a year for LYV, at 32.7% volatility, 5% less than LYV's 34.5%.

### Is there a better investment than LYV?

The table below lists investments that beat LYV over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among LYV's popular alternatives, MSGS, BATRA and BATRK earned more than LYV with less volatility over the past 5 years. MSGS returned 18.4% a year at 25.6% volatility, against 11.8% a year at 34.5%.
- Looking beyond its popular alternatives, GOOG (internet services) and TIMB (telecommunications) earned more than LYV with less volatility over the past 5 years. GOOG returned 19.0% a year at 32.0% volatility, against 11.8% a year at 34.5%.
- Across the whole market, 421 of the 3,633 stocks and funds worth at least $500 million earned more than LYV with less volatility over the past 5 years, among them AAPL, GOOG and BRK-B.

The 15 strongest of 421 investments that beat LYV over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with LYV | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| LYV: Live Nation Entertainment, Inc. (this page) |  | +11.8% | 34.5% | 0.50 | −61.2% | +538% |  |  |
| [DE](https://easycompare.io/research/de): Deere & Company | Industrial Machinery | +14.4% | 29.9% | 0.60 | −37.9% | +755% | 0.38 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [FAST](https://easycompare.io/research/fast): Fastenal Company | Industrial Distribution | +15.8% | 24.6% | 0.72 | −30.7% | +576% | 0.51 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.22 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AAPL](https://easycompare.io/research/aapl): Apple Inc. | Computer Hardware | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.39 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JPM](https://easycompare.io/research/jpm): JPMorgan Chase & Co. | Banks | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.41 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ABBV](https://easycompare.io/research/abbv): AbbVie Inc. | Pharmaceuticals | +26.1% | 23.4% | 1.11 | −45.1% | +603% | 0.09 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| DXJ: WisdomTree Japan Hedged Equity Fund | International Equity | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.30 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MUFG](https://easycompare.io/research/mufg): Mitsubishi UFJ Financial Group, Inc. | Banks | +33.2% | 29.4% | 1.13 | −54.9% | +483% | 0.26 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [PM](https://easycompare.io/research/pm): Philip Morris International Inc. | Tobacco | +21.0% | 23.4% | 0.94 | −42.9% | +242% | 0.17 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MCK](https://easycompare.io/research/mck): McKesson Corporation | Health Care Distribution | +38.7% | 25.0% | 1.44 | −38.1% | +586% | 0.26 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [APH](https://easycompare.io/research/aph): Amphenol Corporation | Electronic Components | +33.8% | 32.2% | 1.07 | −37.5% | +965% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [RTX](https://easycompare.io/research/rtx): RTX Corporation | Aerospace & Defense | +18.6% | 24.3% | 0.83 | −52.0% | +317% | 0.17 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [TD](https://easycompare.io/research/td): The Toronto-Dominion Bank | Banks | +15.8% | 20.0% | 0.84 | −42.0% | +310% | 0.40 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MFG](https://easycompare.io/research/mfg): Mizuho Financial Group, Inc. | Banks | +33.6% | 30.6% | 1.10 | −45.7% | +345% | 0.28 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VGT](https://easycompare.io/research/vgt): Vanguard Information Technology ETF | Technology Equity | +18.4% | 26.0% | 0.78 | −35.1% | +779% | 0.54 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## LYV against its popular alternatives

The investments people most often weigh against LYV, compared period by period and year by year.

### How do LYV's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- Seven of the 17 popular alternatives, led by TKO, MSGS and BATRA, were both more rewarding and calmer than LYV over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, LYV returned 11.8% a year, less than the S&P 500's 12.7%, with higher volatility (34.5% against 17.1%).

### Has LYV consistently beaten its popular alternatives?

This section compares LYV with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- Three of the 17 popular alternatives, CNK, MSGS and IMAX, outperformed LYV in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- MSGS, BATRA and BATRK earned more for the risk they took than LYV (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
- TKO outperformed LYV over all three long-term periods but in only one of the five short-term ones, so LYV has had the better of it lately.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of LYV | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| LYV: Live Nation Entertainment, Inc. (this page) | +11.5% | +119% | +74.3% | +538% |  |  | 0.50 |
| CNK: Cinemark Holdings, Inc. | +52.3% | +160% | +103% | +16.0% | 5/5 short-term, 2/3 long-term | consistent | 0.55 |
| MSGS: Madison Square Garden Sports Corp. | +86.0% | +139% | +133% | +432% | 4/5 short-term, 2/3 long-term | consistent | 0.79 |
| IMAX: IMAX Corporation | +61.7% | +191% | +151% | +65.3% | 4/5 short-term, 2/3 long-term | consistent | 0.66 |
| TKO: TKO Group Holdings, Inc. | −2.3% | +136% | +221% | +941% | 1/5 short-term, 3/3 long-term |  | 0.88 |
| SPHR: Sphere Entertainment Co. | +78.9% | +234% | +249% | — | 1/5 short-term, 2/3 long-term |  | 0.74 |
| [SPOT](https://easycompare.io/research/spot): Spotify Technology S.A. | −22.1% | +251% | +109% | — | 1/5 short-term, 2/3 long-term |  | 0.55 |
| MSGE: Madison Square Garden Entertainment Corp. | +81.3% | +170% | +15.2% | — | 4/5 short-term, 1/3 long-term |  | 0.32 |
| BATRA: Atlanta Braves Holdings, Inc. | +29.1% | +44.5% | +104% | +224% | 3/5 short-term, 1/3 long-term |  | 0.76 |
| BATRK: Atlanta Braves Holdings, Inc. | +28.2% | +42.2% | +87.9% | +195% | 3/5 short-term, 1/3 long-term |  | 0.67 |
| [ABNB](https://easycompare.io/research/abnb): Airbnb, Inc. | +39.1% | +51.9% | +4.2% | — | 5/5 short-term, 0/3 long-term |  | 0.24 |
| AMC: AMC Entertainment Holdings, Inc. | +11.2% | −66.1% | −99.2% | −98.8% | 4/5 short-term, 0/3 long-term |  | -0.46 |
| [SONY](https://easycompare.io/research/sony): Sony Group Corporation | −13.2% | +54.0% | +15.4% | +309% | 3/5 short-term, 0/3 long-term |  | 0.24 |
| [DIS](https://easycompare.io/research/dis): The Walt Disney Company | +1.2% | +39.3% | −32.5% | +31.7% | 2/5 short-term, 0/3 long-term |  | -0.12 |
| WMG: Warner Music Group Corp. | −3.5% | +6.5% | −27.2% | — | 2/5 short-term, 0/3 long-term |  | -0.01 |
| FWONK: Liberty Media Corporation | −5.7% | +38.2% | +75.0% | +244% | 0/5 short-term, 0/3 long-term |  | 0.55 |
| FWONA: Formula One Group | −6.3% | +42.8% | +74.4% | +213% | 0/5 short-term, 0/3 long-term |  | 0.55 |
| [BKNG](https://easycompare.io/research/bkng): Booking Holdings Inc. | −19.6% | +52.2% | +75.9% | +186% | 0/5 short-term, 0/3 long-term |  | 0.51 |

### How did LYV do year by year?

This table shows each investment's total return in every full calendar year since 2006, along with where LYV ranked among its popular alternatives each year.

- Ranked against its popular alternatives each year, LYV finished in the top quarter in seven of 20 years and in the bottom quarter in three. In 2025, it ranked 8 of 18.
- LYV finished ahead of the S&P 500 in 11 of its 20 full calendar years.
- Among its popular alternatives, BKNG came out ahead of LYV most often, in 13 of the 20 years both traded.

| Year | LYV | SPY |
| --- | --- | --- |
| 2025 | +10.0% | +17.7% |
| 2024 | +38.4% | +24.9% |
| 2023 | +34.2% | +26.2% |
| 2022 | −41.7% | −18.2% |
| 2021 | +62.9% | +28.7% |
| 2020 | +2.8% | +18.3% |
| 2019 | +45.1% | +31.2% |
| 2018 | +15.7% | −4.6% |
| 2017 | +60.0% | +21.7% |
| 2016 | +8.3% | +12.0% |

## Risk and diversification

How LYV has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were LYV's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of LYV's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: LYV fell 27.8% from September to November 2025, while the S&P 500 rose 2.0%.
- The slowest recovery came after LYV fell 89.9% from February 2007 to March 2009; it did not regain that peak until July 2014, five years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −89.9% | February 8, 2007 | March 20, 2009 | July 3, 2014 | −44.4% | 2008 financial crisis |
| −61.2% | February 19, 2020 | March 18, 2020 | January 19, 2021 | −29.1% | Covid crash |
| −48.2% | February 25, 2022 | March 23, 2023 | November 12, 2024 | −8.4% | 2022 bear market |
| −33.7% | June 11, 2015 | February 9, 2016 | February 16, 2017 | −11.0% | 2015 China and oil sell-off |
| −27.8% | September 11, 2025 | November 24, 2025 | June 15, 2026 | +2.0% |  |

### How did LYV do in stock market crashes?

This section measures how far LYV, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- LYV fell further than the S&P 500 in seven of the nine crashes it has traded through. The clearest case was the 2008 financial crisis, when LYV fell 88.5% and the S&P 500 fell 55.2%.
- Among its popular alternatives, BATRA held up best, falling less than LYV in four of the five crashes they both traded through.
- LYV began trading after the dot-com bust, but five of its popular alternatives lived through it. The mildest fall among them was TKO's 66.0%, against 47.5% for the S&P 500.

| Crash | Dates | LYV fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −88.5% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −2.4% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −37.3% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −29.2% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −4.5% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −19.6% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −61.2% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −41.5% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −5.1% | −3.4% |

### How closely does LYV move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- TKO took just 110% of the S&P 500's losses, against 123% for LYV, while still keeping 135% of its gains.
- Over the past 10 years, LYV captured 127% of the S&P 500's gains in rising months and 123% of its losses in falling months, with a beta of 1.23. It amplified the market's moves in both directions.
- Four of the 12 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than LYV's 1.03, led by MSGS, TKO and BATRA.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| LYV: Live Nation Entertainment, Inc. (this page) | 127% | 123% | 1.23 |
| CNK: Cinemark Holdings, Inc. | 87.0% | 160% | 1.71 |
| MSGS: Madison Square Garden Sports Corp. | 94.0% | 75.0% | 1.02 |
| IMAX: IMAX Corporation | 70.0% | 95.0% | 1.02 |
| TKO: TKO Group Holdings, Inc. | 135% | 110% | 1.04 |
| BATRA: Atlanta Braves Holdings, Inc. | 74.0% | 64.0% | 0.85 |
| BATRK: Atlanta Braves Holdings, Inc. | 71.0% | 66.0% | 0.87 |
| AMC: AMC Entertainment Holdings, Inc. | 11.0% | 307% | 1.84 |
| [SONY](https://easycompare.io/research/sony): Sony Group Corporation | 96.0% | 99.0% | 0.86 |
| [DIS](https://easycompare.io/research/dis): The Walt Disney Company | 90.0% | 162% | 1.32 |
| FWONK: Liberty Media Corporation | 86.0% | 87.0% | 0.97 |
| FWONA: Formula One Group | 84.0% | 88.0% | 0.97 |
| [BKNG](https://easycompare.io/research/bkng): Booking Holdings Inc. | 99.0% | 123% | 1.17 |

### What diversifies LYV?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in LYV into LVHI would have cut the portfolio's volatility by 18% over the past 5 years and raised its annual return (+13.2% for LYV alone, +14.7% for the mix).
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of LYV over the past 5 years, with correlations of 0.46 or lower, and each still earned a positive 5-year return.
- GLD made money in three of the five calendar years in which LYV lost money.

| Investment | Correlation with LYV | 5Y return | Volatility | Sharpe | Rose in LYV's 5 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.29 | +119% | 11.1% | 1.48 | 1 of 5 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.30 | +225% | 19.1% | 1.34 | 2 of 5 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.46 | +101% | 14.5% | 1.04 | 1 of 5 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.46 | +323% | 36.9% | 0.97 | 2 of 5 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.47 | +85.0% | 13.8% | 0.96 | 1 of 5 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.11 | +126% | 18.9% | 0.96 | 3 of 5 |
| IOO: iShares Global 100 ETF | 0.47 | +107% | 17.2% | 0.94 | 1 of 5 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.48 | +136% | 20.8% | 0.93 | 0 of 5 |

## Common questions

### What was LYV's worst drawdown?

LYV's deepest decline since it began trading in 2005 was 89.9%, from February 2007 to March 2009. It took about five years from the low to climb back to its old high. Because LYV launched in December 2005, that record does not include the dot-com bust.

### What were LYV's best and worst years?

Over 20 full calendar years, LYV's best year was 2013, when it returned 112%. Its worst was 2008, with a return of -60.5%.

### Is there a better investment than LYV?

Among LYV's popular alternatives, MSGS, BATRA and BATRK earned more than LYV with less volatility over the past 5 years. MSGS returned 18.4% a year at 25.6% volatility, against 11.8% a year at 34.5%. Looking beyond its popular alternatives, GOOG (internet services) and TIMB (telecommunications) earned more than LYV with less volatility over the past 5 years. GOOG returned 19.0% a year at 32.0% volatility, against 11.8% a year at 34.5%.

### Is LYV more volatile than the S&P 500?

Yes. LYV's volatility over the past 5 years was 34.5%, about twice the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, LYV's return lands within 34.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is LYV's Sharpe ratio?

LYV's Sharpe ratio over the past 5 years was 0.50, against 0.79 for the S&P 500, so LYV earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is LYV with the S&P 500?

Over the past 5 years, LYV's monthly returns had a correlation of 0.60 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against LYV instead: the lower it is, the more that option would diversify a LYV holding.

### What are the best alternatives to LYV?

Of the 17 popular alternatives we compared, three outperformed LYV in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: CNK, MSGS and IMAX.

### Did LYV outperform the S&P 500?

LYV finished ahead of the S&P 500 (SPY) in 11 of 20 full calendar years. In 2025, it returned +10.0%, against +17.7% for the index.

### How did LYV do in stock market crashes?

LYV fell less than the S&P 500 (SPY) in one of the nine major crashes it has traded through, and further in seven. The clearest case was the 2008 financial crisis, when LYV fell 88.5% and the S&P 500 fell 55.2%.

### What diversifies LYV?

These had a low correlation with LYV over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.29), DXJ (correlation 0.30) and EMLP (correlation 0.46); among large stocks, CAH (correlation 0.22), CLS (correlation 0.29) and FIX (correlation 0.35). A correlation near zero means the two have moved largely independently.

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## Explore further

- Full page with charts: https://easycompare.io/research/lyv
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against LYV live: https://betterthanspy.com/?b=LYV&utm_source=easycompare&utm_medium=research