CTNT vs VFS: Correlation
Measured on weekly returns over the past three years, Cheetah Net Supply Chain Service Inc. (CTNT) and VinFast Auto Ltd. (VFS) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and VFS?
Across a 3-year window, the weekly returns of CTNT and VFS correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.50 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 17341.2 %².
Among the 21 assets we track against CTNT, VFS ranks #4 by 3-year correlation. The last year tells two different stories: VFS led by 90.1 percentage points, -99.6% for CTNT against -9.5% for VFS. Note the risk asymmetry: CTNT runs 6.1 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.
CTNT vs VFS: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | VFS (VinFast Auto Ltd.) | |
|---|---|---|
| 1-year return | -99.6% | -9.5% |
| 5-year return | n/a | -67.8% |
| Volatility (ann.) | 461.2% | 75.2% |
| Beta vs S&P 500 | 2.82 | 1.62 |
| Max drawdown (3Y) | -100.0% | -97.1% |
| Market cap | – | $7.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTNT | VFS |
|---|---|---|
| 2022 | – | +3.2% |
| 2023 | – | -16.3% |
| 2024 | -85.3% | -51.9% |
| 2025 | -61.4% | -17.1% |
| 2026 | -99.4% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and VFS good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTNT and VFS?
The CTNT/VFS correlation stands at 0.50 on a 3-year window (1 year: 0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VFS a good diversifier for CTNT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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: CTNT correlations · VFS correlations
