APTV vs MNDR: Correlation
Aptiv (APTV) and Mobile-health Network Solutions - Class A (MNDR) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and MNDR?
On 3 years of weekly data the APTV/MNDR correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.15 over 3. The 5-year figure is n/a, and annualized covariance runs at -969.1 %².
Within APTV's tracked universe of 33 assets, MNDR comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with APTV ahead by 51.7 points (-43.2% versus -94.9%). Note the risk asymmetry: MNDR runs 4.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
APTV vs MNDR: side by side
| APTV (Aptiv) | MNDR (Mobile-health Network Solutions - Class A) | |
|---|---|---|
| 1-year return | -43.2% | -94.9% |
| 5-year return | -70.3% | n/a |
| Volatility (ann.) | 37.7% | 161.8% |
| Beta vs S&P 500 | 0.76 | -0.61 |
| Max drawdown (3Y) | -56.5% | -100.0% |
| Market cap | $9.4B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | MNDR |
|---|---|---|
| 2022 | -43.5% | – |
| 2023 | -3.7% | – |
| 2024 | -32.6% | – |
| 2025 | +25.8% | -93.0% |
| 2026 | -40.3% | -68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and MNDR good diversifiers for each other?
Yes. With a correlation of -0.15, APTV and MNDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APTV and MNDR?
As of 2026-08-27, the correlation of weekly returns between APTV and MNDR is -0.15 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is MNDR a good diversifier for APTV?
Yes. With a correlation of -0.15, APTV and MNDR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
A reading of -0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aptv-vs-mndr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aptv-vs-mndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APTV correlations · MNDR correlations
