BCG vs MVST: Correlation
How closely do Binah Capital Group, Inc. (BCG) and Microvast Holdings, Inc. (MVST) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCG and MVST?
Over the past 3 years, BCG and MVST moved with a correlation of 0.49, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.49 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 13012.2 %².
In BCG's tracked universe of 16 assets, MVST sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months BCG outperformed by 45.2 percentage points (-26.0% for BCG against -71.2% for MVST). One caveat on sizing: MVST is 1.8 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.
BCG vs MVST: side by side
| BCG (Binah Capital Group, Inc.) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | -26.0% | -71.2% |
| 5-year return | n/a | -91.6% |
| Volatility (ann.) | 116.2% | 209.2% |
| Beta vs S&P 500 | 0.48 | 0.26 |
| Max drawdown (3Y) | -89.9% | -92.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCG | MVST |
|---|---|---|
| 2022 | – | -73.0% |
| 2023 | – | -8.5% |
| 2024 | – | +47.9% |
| 2025 | -2.0% | +35.3% |
| 2026 | -49.7% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCG and MVST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCG and MVST?
The BCG/MVST correlation stands at 0.49 on a 3-year window (1 year: 0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MVST a good diversifier for BCG?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BCG correlations · MVST correlations
