AEON vs MVBF: Correlation
AEON Biopharma, Inc. (AEON) and MVB Financial Corp. (MVBF) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEON and MVBF?
Over the past 3 years, AEON and MVBF moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.35). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1616.6 %².
Few assets follow AEON as closely as MVBF, which ranks #2 of 10 tracked partners. The last year tells two different stories: MVBF led by 91.3 percentage points, -61.8% for AEON against +29.5% for MVBF. One caveat on sizing: AEON is 4.3 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.
AEON vs MVBF: side by side
| AEON (AEON Biopharma, Inc.) | MVBF (MVB Financial Corp.) | |
|---|---|---|
| 1-year return | -61.8% | +29.5% |
| 5-year return | n/a | -11.2% |
| Volatility (ann.) | 141.3% | 32.7% |
| Beta vs S&P 500 | 1.33 | 0.78 |
| Max drawdown (3Y) | -100.0% | -35.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 2.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEON | MVBF |
|---|---|---|
| 2022 | – | -45.8% |
| 2023 | – | +5.7% |
| 2024 | -92.5% | -5.1% |
| 2025 | -97.2% | +28.7% |
| 2026 | -73.3% | +18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEON and MVBF good diversifiers for each other?
Reasonably. At 0.35, AEON and MVBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AEON and MVBF?
As of 2026-08-27, the correlation of weekly returns between AEON and MVBF is 0.35 over 3 years, 0.15 over 1 year and 0.27 over 5 years.
Is MVBF a good diversifier for AEON?
Reasonably. At 0.35, AEON and MVBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/aeon-vs-mvbf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aeon-vs-mvbf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEON correlations · MVBF correlations
