AIIO vs MTD: Correlation
Measured on weekly returns over the past three years, Robo.ai Inc. - Class B (AIIO) and Mettler Toledo (MTD) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and MTD?
Over the past 3 years, AIIO and MTD moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.19). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1636.6 %².
Within AIIO's tracked universe of 35 assets, MTD comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MTD outperformed by 100.8 percentage points (-91.3% for AIIO against +9.5% for MTD). Risk is not evenly split, since AIIO carries 8.9 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.
AIIO vs MTD: side by side
| AIIO (Robo.ai Inc. - Class B) | MTD (Mettler Toledo) | |
|---|---|---|
| 1-year return | -91.3% | +9.5% |
| 5-year return | -98.8% | -11.4% |
| Volatility (ann.) | 280.6% | 31.4% |
| Beta vs S&P 500 | 0.74 | 1.00 |
| Max drawdown (3Y) | -99.7% | -36.6% |
| Market cap | $0.4B | $28.2B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AIIO | MTD |
|---|---|---|
| 2022 | -9.2% | -14.8% |
| 2023 | -27.5% | -16.1% |
| 2024 | -91.0% | +0.9% |
| 2025 | -56.6% | +13.9% |
| 2026 | -61.3% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and MTD good diversifiers for each other?
Yes. With a correlation of -0.19, AIIO and MTD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIIO and MTD?
The AIIO/MTD correlation stands at -0.19 on a 3-year window (1 year: -0.31, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is MTD a good diversifier for AIIO?
Yes. With a correlation of -0.19, AIIO and MTD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/aiio-vs-mtd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aiio-vs-mtd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIIO correlations · MTD correlations
