GD vs MVST: Correlation
Measured on weekly returns over the past three years, General Dynamics (GD) and Microvast Holdings, Inc. (MVST) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and MVST?
On 3 years of weekly data the GD/MVST correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.16 versus -0.21 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -937.8 %².
MVST is close to the least connected end of GD's tracked universe, ranking #27 of 30. Their recent paths diverged sharply: over the last 12 months GD outperformed by 90.0 percentage points (+18.8% for GD against -71.2% for MVST). One caveat on sizing: MVST is 9.9 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.
GD vs MVST: side by side
| GD (General Dynamics) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | +18.8% | -71.2% |
| 5-year return | +111.9% | -91.6% |
| Volatility (ann.) | 21.1% | 209.2% |
| Beta vs S&P 500 | 0.52 | 0.26 |
| Max drawdown (3Y) | -22.5% | -92.8% |
| Market cap | $102.8B | $0.3B |
| P/E (trailing) | 23.3 | – |
| Dividend yield | 1.62% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GD | MVST |
|---|---|---|
| 2022 | +21.7% | -73.0% |
| 2023 | +7.1% | -8.5% |
| 2024 | +3.5% | +47.9% |
| 2025 | +30.4% | +35.3% |
| 2026 | +14.4% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and MVST good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between GD and MVST?
As of 2026-08-27, the correlation of weekly returns between GD and MVST is -0.21 over 3 years, 0.16 over 1 year and -0.10 over 5 years.
Is MVST a good diversifier for GD?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GD correlations · MVST correlations
