GOVX vs MI: Correlation
Measured on weekly returns over the past three years, GeoVax Labs, Inc. (GOVX) and NFT Limited Class A (MI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOVX and MI?
Over the past 3 years, GOVX and MI moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.87) than the 3-year average (0.50). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 508107.9 %².
Within GOVX's tracked universe of 16 assets, MI comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MI ahead by 85.9 points (-96.2% versus -10.3%). One caveat on sizing: MI is 19.3 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.
GOVX vs MI: side by side
| GOVX (GeoVax Labs, Inc.) | MI (NFT Limited Class A) | |
|---|---|---|
| 1-year return | -96.2% | -10.3% |
| 5-year return | -100.0% | -99.5% |
| Volatility (ann.) | 230.2% | 4443.9% |
| Beta vs S&P 500 | 2.89 | 8.21 |
| Max drawdown (3Y) | -99.7% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOVX | MI |
|---|---|---|
| 2022 | -82.6% | -86.4% |
| 2023 | -42.7% | -66.2% |
| 2024 | -54.4% | -61.9% |
| 2025 | -93.1% | +13.3% |
| 2026 | -83.2% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOVX and MI good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GOVX and MI?
As of 2026-08-27, the correlation of weekly returns between GOVX and MI is 0.50 over 3 years, 0.87 over 1 year and 0.36 over 5 years.
Is MI a good diversifier for GOVX?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/govx-vs-mi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/govx-vs-mi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOVX correlations · MI correlations
