GTEC vs MCI: Correlation
Measured on weekly returns over the past three years, Greenland Technologies Holding Corporation - Class A (GTEC) and Barings Corporate Investors (MCI) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTEC and MCI?
Over the past 3 years, GTEC and MCI moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 834.1 %².
In GTEC's tracked universe of 10 assets, MCI sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months MCI outperformed by 33.1 percentage points (-40.8% for GTEC against -7.7% for MCI). Risk is not evenly split, since GTEC carries 3.7 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.
GTEC vs MCI: side by side
| GTEC (Greenland Technologies Holding Corporation - Class A) | MCI (Barings Corporate Investors) | |
|---|---|---|
| 1-year return | -40.8% | -7.7% |
| 5-year return | -87.4% | +77.0% |
| Volatility (ann.) | 94.1% | 25.3% |
| Beta vs S&P 500 | 1.39 | 0.13 |
| Max drawdown (3Y) | -89.7% | -27.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | 1.4 | 13.2 |
| Dividend yield | 0.00% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTEC | MCI |
|---|---|---|
| 2022 | -66.1% | -5.9% |
| 2023 | +28.0% | +44.5% |
| 2024 | -30.5% | +20.8% |
| 2025 | -68.4% | -3.7% |
| 2026 | +37.2% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTEC and MCI good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GTEC and MCI?
The GTEC/MCI correlation stands at 0.35 on a 3-year window (1 year: 0.43, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is MCI a good diversifier for GTEC?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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.
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Related comparisons
Hubs: GTEC correlations · MCI correlations
