GCL vs MTVA: Correlation
GCL Global Holdings Ltd (GCL) and MetaVia Inc. (MTVA) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCL and MTVA?
On 3 years of weekly data the GCL/MTVA correlation comes out at 0.33, moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.33). The 5-year figure is 0.28, and annualized covariance runs at 4917.2 %².
In GCL's tracked universe of 10 assets, MTVA sits right near the top at #2. Twelve-month performance is nearly a tie, at -81.0% for GCL and -76.2% for MTVA. Risk is not evenly split, since MTVA carries 2.0 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.
GCL vs MTVA: side by side
| GCL (GCL Global Holdings Ltd) | MTVA (MetaVia Inc.) | |
|---|---|---|
| 1-year return | -81.0% | -76.2% |
| 5-year return | -93.2% | -100.0% |
| Volatility (ann.) | 85.9% | 173.6% |
| Beta vs S&P 500 | 0.21 | 1.46 |
| Max drawdown (3Y) | -96.7% | -98.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCL | MTVA |
|---|---|---|
| 2022 | – | -98.0% |
| 2023 | +6.1% | -35.6% |
| 2024 | +6.9% | -45.1% |
| 2025 | -90.7% | -62.3% |
| 2026 | -36.9% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCL and MTVA good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GCL and MTVA?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.50 over the last year and 0.28 over 5 years.
Is MTVA a good diversifier for GCL?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/gcl-vs-mtva.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gcl-vs-mtva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GCL correlations · MTVA correlations
