CTVA vs MBAI: Correlation
How closely do Corteva (CTVA) and Check-Cap Ltd. (MBAI) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and MBAI?
On 3 years of weekly data the CTVA/MBAI correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.20). The 5-year figure is -0.13, and annualized covariance runs at -2505.5 %².
Within CTVA's tracked universe of 34 assets, MBAI comes in at #28 by 3-year correlation. The last year tells two different stories: MBAI led by 899.9 percentage points, +10.9% for CTVA against +910.8% for MBAI. One caveat on sizing: MBAI is 17.7 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.
CTVA vs MBAI: side by side
| CTVA (Corteva) | MBAI (Check-Cap Ltd.) | |
|---|---|---|
| 1-year return | +10.9% | +910.8% |
| 5-year return | +98.2% | -69.3% |
| Volatility (ann.) | 26.8% | 474.4% |
| Beta vs S&P 500 | 0.43 | 1.76 |
| Max drawdown (3Y) | -20.7% | -87.3% |
| Market cap | $55.0B | – |
| P/E (trailing) | 50.2 | 1.4 |
| Dividend yield | 0.87% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CTVA | MBAI |
|---|---|---|
| 2022 | +25.6% | -83.7% |
| 2023 | -17.5% | -5.5% |
| 2024 | +20.2% | -52.4% |
| 2025 | +18.9% | +63.6% |
| 2026 | +23.5% | +305.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and MBAI good diversifiers for each other?
Yes. With a correlation of -0.20, CTVA and MBAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTVA and MBAI?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.40 over the last year and -0.13 over 5 years.
Is MBAI a good diversifier for CTVA?
Yes. With a correlation of -0.20, CTVA and MBAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/ctva-vs-mbai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctva-vs-mbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTVA correlations · MBAI correlations
