LYV vs. MCK
LYV (Live Nation Entertainment, Inc.) and MCK (McKesson Corporation) are both stocks. LYV operates in Entertainment (Communication Services), while MCK operates in Medical Distribution (Healthcare). Over the past 10 years, LYV returned 20.53%/yr vs 16.30%/yr for MCK. At a 0.26 correlation, their price movements are largely independent.
Performance
LYV vs. MCK - Performance Comparison
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Returns By Period
In the year-to-date period, LYV achieves a 12.33% return, which is significantly higher than MCK's -5.26% return. Over the past 10 years, LYV has outperformed MCK with an annualized return of 20.53%, while MCK has yielded a comparatively lower 16.30% annualized return.
LYV
- 1D
- -0.58%
- 1M
- -4.62%
- YTD
- 12.33%
- 6M
- 14.89%
- 1Y
- 11.14%
- 3Y*
- 24.48%
- 5Y*
- 12.40%
- 10Y*
- 20.53%
MCK
- 1D
- 2.47%
- 1M
- 4.42%
- YTD
- -5.26%
- 6M
- -3.89%
- 1Y
- 9.45%
- 3Y*
- 26.44%
- 5Y*
- 32.53%
- 10Y*
- 16.30%
LYV vs. MCK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LYV Live Nation Entertainment, Inc. | 12.33% | 10.04% | 38.35% | 34.21% | -41.73% | 62.89% | 2.81% | 45.12% | 15.69% | 60.04% |
MCK McKesson Corporation | -5.26% | 44.54% | 23.67% | 24.13% | 51.82% | 44.23% | 27.06% | 26.72% | -28.40% | 11.95% |
Correlation
The correlation between LYV and MCK is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2005 | 0.26 |
The correlation between LYV and MCK shifts across timeframes, from 0.08 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
LYV:
$37.20B
MCK:
$95.17B
LYV:
$0.36
MCK:
$38.38
LYV:
448.17
MCK:
20.21
LYV:
5.72
MCK:
0.27
LYV:
1.46
MCK:
0.24
LYV:
$25.61B
MCK:
$403.43B
LYV:
$10.31B
MCK:
$14.55B
LYV:
$1.55B
MCK:
$6.91B
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Return for Risk
LYV vs. MCK — Risk / Return Rank
LYV
MCK
LYV vs. MCK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Live Nation Entertainment, Inc. (LYV) and McKesson Corporation (MCK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| LYV | MCK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.35 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.94 | 0.95 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LYV | MCK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.33 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 1.35 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.57 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.45 | -0.14 |
Drawdowns
LYV vs. MCK - Drawdown Comparison
The maximum LYV drawdown since its inception was -89.94%, which is greater than MCK's maximum drawdown of -82.84%. Use the drawdown chart below to compare losses from any high point for LYV and MCK.
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Drawdown Indicators
| LYV | MCK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.94% | -82.84% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -27.84% | -27.17% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -27.17% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -48.16% | -27.17% | -20.99% |
Max Drawdown (10Y)Largest decline over 10 years | -61.23% | -44.23% | -17.00% |
Current DrawdownCurrent decline from peak | -8.04% | -22.01% | +13.97% |
Average DrawdownAverage peak-to-trough decline | -26.99% | -28.65% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 9.96% | +1.97% |
Volatility
LYV vs. MCK - Volatility Comparison
The current volatility for Live Nation Entertainment, Inc. (LYV) is 5.88%, while McKesson Corporation (MCK) has a volatility of 6.94%. This indicates that LYV experiences smaller price fluctuations and is considered to be less risky than MCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYV | MCK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 6.94% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 22.76% | 22.76% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.83% | 29.08% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.16% | 24.20% | +10.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.31% | 28.82% | +9.49% |
Dividends
LYV vs. MCK - Dividend Comparison
LYV has not paid dividends to shareholders, while MCK's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYV Live Nation Entertainment, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCK McKesson Corporation | 0.42% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
Financials
LYV vs. MCK - Financials Comparison
This section allows you to compare key financial metrics between Live Nation Entertainment, Inc. and McKesson Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LYV vs. MCK - Profitability Comparison
LYV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Live Nation Entertainment, Inc. reported a gross profit of 0.00 and revenue of 3.79B. Therefore, the gross margin over that period was 0.0%.
MCK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a gross profit of 4.04B and revenue of 96.30B. Therefore, the gross margin over that period was 4.2%.
LYV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Live Nation Entertainment, Inc. reported an operating income of -370.52M and revenue of 3.79B, resulting in an operating margin of -9.8%.
MCK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported an operating income of 2.09B and revenue of 96.30B, resulting in an operating margin of 2.2%.
LYV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Live Nation Entertainment, Inc. reported a net income of -389.10M and revenue of 3.79B, resulting in a net margin of -10.3%.
MCK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a net income of 1.68B and revenue of 96.30B, resulting in a net margin of 1.8%.
Frequently Asked Questions
LYV and MCK have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCK has higher volatility (6.94%) compared to LYV (5.88%). In terms of maximum drawdown, LYV dropped -89.94% vs MCK's -82.84%.
LYV currently has the higher Sharpe Ratio (0.36 vs 0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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