EVTL vs MF: Correlation
How closely do Vertical Aerospace Ltd. (EVTL) and MindForge Inc. - Class A (MF) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTL and MF?
Across a 3-year window, the weekly returns of EVTL and MF correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (-0.11) runs below the 3-year figure (0.50). Stretching to 5 years gives n/a, with an annualized covariance of 58424.7 %².
Within EVTL's tracked universe of 13 assets, MF comes in at #4 by 3-year correlation. On 12-month performance MF holds a 13.5-point edge, -85.1% against -71.6%. Risk is not evenly split, since MF carries 6.1 times the volatility of the other side.
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.
EVTL vs MF: side by side
| EVTL (Vertical Aerospace Ltd.) | MF (MindForge Inc. - Class A) | |
|---|---|---|
| 1-year return | -85.1% | -71.6% |
| 5-year return | -99.2% | n/a |
| Volatility (ann.) | 135.6% | 830.3% |
| Beta vs S&P 500 | 3.07 | 3.38 |
| Max drawdown (3Y) | -95.9% | -99.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVTL | MF |
|---|---|---|
| 2022 | -49.6% | – |
| 2023 | -79.7% | – |
| 2024 | +82.8% | – |
| 2025 | -57.6% | -40.7% |
| 2026 | -86.1% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTL and MF good diversifiers for each other?
Only partially. A correlation of 0.50 means EVTL and MF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EVTL and MF?
As of 2026-08-27, the correlation of weekly returns between EVTL and MF is 0.50 over 3 years, -0.11 over 1 year and n/a over 5 years.
Is MF a good diversifier for EVTL?
Only partially. A correlation of 0.50 means EVTL and MF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evtl-vs-mf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evtl-vs-mf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVTL correlations · MF correlations
