HAS vs MTVA: Correlation
Hasbro (HAS) and MetaVia Inc. (MTVA) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and MTVA?
Across a 3-year window, the weekly returns of HAS and MTVA correlate at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.16 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -896.0 %².
Within HAS's tracked universe of 36 assets, MTVA comes in at #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HAS outperformed by 95.4 percentage points (+19.2% for HAS against -76.2% for MTVA). Note the risk asymmetry: MTVA runs 5.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HAS vs MTVA: side by side
| HAS (Hasbro) | MTVA (MetaVia Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -76.2% |
| 5-year return | +17.1% | -100.0% |
| Volatility (ann.) | 31.7% | 173.6% |
| Beta vs S&P 500 | 0.86 | 1.46 |
| Max drawdown (3Y) | -40.3% | -98.6% |
| Market cap | $13.3B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.91% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HAS | MTVA |
|---|---|---|
| 2022 | -37.9% | -98.0% |
| 2023 | -11.9% | -35.6% |
| 2024 | +14.8% | -45.1% |
| 2025 | +52.5% | -62.3% |
| 2026 | +17.5% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and MTVA good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAS and MTVA?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.37 over the last year and -0.11 over 5 years.
Is MTVA a good diversifier for HAS?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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/has-vs-mtva.json
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[](https://www.pairbook.io/pair/has-vs-mtva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAS correlations · MTVA correlations
