GTEC vs MPV: Correlation
How closely do Greenland Technologies Holding Corporation - Class A (GTEC) and Barings Participation Investors (MPV) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTEC and MPV?
On 3 years of weekly data the GTEC/MPV correlation comes out at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.36 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 718.6 %².
Few assets follow GTEC as closely as MPV, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months MPV outperformed by 26.9 percentage points (-40.8% for GTEC against -13.9% for MPV). Risk is not evenly split, since GTEC carries 4.5 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 MPV: side by side
| GTEC (Greenland Technologies Holding Corporation - Class A) | MPV (Barings Participation Investors) | |
|---|---|---|
| 1-year return | -40.8% | -13.9% |
| 5-year return | -87.4% | +72.3% |
| Volatility (ann.) | 94.1% | 21.0% |
| Beta vs S&P 500 | 1.39 | 0.27 |
| Max drawdown (3Y) | -89.7% | -20.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | 1.4 | 13.1 |
| Dividend yield | 0.00% | 9.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTEC | MPV |
|---|---|---|
| 2022 | -66.1% | -10.7% |
| 2023 | +28.0% | +39.1% |
| 2024 | -30.5% | +20.5% |
| 2025 | -68.4% | +0.7% |
| 2026 | +37.2% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTEC and MPV good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GTEC and MPV?
As of 2026-08-27, the correlation of weekly returns between GTEC and MPV is 0.36 over 3 years, 0.58 over 1 year and 0.33 over 5 years.
Is MPV a good diversifier for GTEC?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gtec-vs-mpv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gtec-vs-mpv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GTEC correlations · MPV correlations
