DE vs MTVA: Correlation
How closely do Deere & Company (DE) and MetaVia Inc. (MTVA) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and MTVA?
On 3 years of weekly data the DE/MTVA correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.17). The 5-year figure is -0.09, and annualized covariance runs at -791.6 %².
Among the 33 assets we track against DE, MTVA ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DE ahead by 104.1 points (+27.9% versus -76.2%). Note the risk asymmetry: MTVA runs 6.5 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.
DE vs MTVA: side by side
| DE (Deere & Company) | MTVA (MetaVia Inc.) | |
|---|---|---|
| 1-year return | +27.9% | -76.2% |
| 5-year return | +74.5% | -100.0% |
| Volatility (ann.) | 26.7% | 173.6% |
| Beta vs S&P 500 | 0.65 | 1.46 |
| Max drawdown (3Y) | -19.9% | -98.6% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | MTVA |
|---|---|---|
| 2022 | +26.6% | -98.0% |
| 2023 | -5.5% | -35.6% |
| 2024 | +7.6% | -45.1% |
| 2025 | +11.4% | -62.3% |
| 2026 | +34.5% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and MTVA good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DE and MTVA?
The DE/MTVA correlation stands at -0.17 on a 3-year window (1 year: -0.35, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is MTVA a good diversifier for DE?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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/de-vs-mtva.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/de-vs-mtva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DE correlations · MTVA correlations
