GPAT vs MRVI: Correlation
GP-Act III Acquisition Corp. - Class A (GPAT) and Maravai LifeSciences Holdings, Inc. (MRVI) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPAT and MRVI?
Across a 3-year window, the weekly returns of GPAT and MRVI correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -59.2 %².
By 3-year correlation, MRVI places #16 of the 22 assets tracked against GPAT. Their recent paths diverged sharply: over the last 12 months MRVI outperformed by 255.8 percentage points (+3.4% for GPAT against +259.2% for MRVI). Risk is not evenly split, since MRVI carries 26.8 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.
GPAT vs MRVI: side by side
| GPAT (GP-Act III Acquisition Corp. - Class A) | MRVI (Maravai LifeSciences Holdings, Inc.) | |
|---|---|---|
| 1-year return | +3.4% | +259.2% |
| 5-year return | n/a | -86.0% |
| Volatility (ann.) | 3.2% | 85.9% |
| Beta vs S&P 500 | 0.05 | 1.35 |
| Max drawdown (3Y) | -2.1% | -84.8% |
| Market cap | $0.2B | $3.1B |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GPAT | MRVI |
|---|---|---|
| 2022 | – | -65.8% |
| 2023 | – | -54.2% |
| 2024 | – | -16.8% |
| 2025 | +5.4% | -40.4% |
| 2026 | +2.2% | +157.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPAT and MRVI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between GPAT and MRVI?
The GPAT/MRVI correlation stands at -0.23 on a 3-year window (1 year: -0.39, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MRVI a good diversifier for GPAT?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/gpat-vs-mrvi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gpat-vs-mrvi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GPAT correlations · MRVI correlations
