GOVX vs MTVA: Correlation
How closely do GeoVax Labs, Inc. (GOVX) and MetaVia Inc. (MTVA) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOVX and MTVA?
On 3 years of weekly data the GOVX/MTVA correlation comes out at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.85) runs above the 3-year figure (0.47). The 5-year figure is 0.26, and annualized covariance runs at 18816.5 %².
Within GOVX's tracked universe of 16 assets, MTVA comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MTVA outperformed by 20.0 percentage points (-96.2% for GOVX against -76.2% for MTVA).
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 MTVA: side by side
| GOVX (GeoVax Labs, Inc.) | MTVA (MetaVia Inc.) | |
|---|---|---|
| 1-year return | -96.2% | -76.2% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 230.2% | 173.6% |
| Beta vs S&P 500 | 2.89 | 1.46 |
| Max drawdown (3Y) | -99.7% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOVX | MTVA |
|---|---|---|
| 2022 | -82.6% | -98.0% |
| 2023 | -42.7% | -35.6% |
| 2024 | -54.4% | -45.1% |
| 2025 | -93.1% | -62.3% |
| 2026 | -83.2% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOVX and MTVA good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOVX and MTVA?
The GOVX/MTVA correlation stands at 0.47 on a 3-year window (1 year: 0.85, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is MTVA a good diversifier for GOVX?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/govx-vs-mtva.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/govx-vs-mtva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GOVX correlations · MTVA correlations
