KBR vs MVST: Correlation
KBR, Inc. (KBR) and Microvast Holdings, Inc. (MVST) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBR and MVST?
On 3 years of weekly data the KBR/MVST correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.14) runs above the 3-year figure (-0.30). The 5-year figure is -0.17, and annualized covariance runs at -1890.3 %².
MVST is close to the least connected end of KBR's tracked universe, ranking #19 of 20. Their recent paths diverged sharply: over the last 12 months KBR outperformed by 46.4 percentage points (-24.8% for KBR against -71.2% for MVST). Note the risk asymmetry: MVST runs 7.0 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.
KBR vs MVST: side by side
| KBR (KBR, Inc.) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | -24.8% | -71.2% |
| 5-year return | +4.0% | -91.6% |
| Volatility (ann.) | 29.9% | 209.2% |
| Beta vs S&P 500 | 0.62 | 0.26 |
| Max drawdown (3Y) | -57.4% | -92.8% |
| Market cap | $4.8B | $0.3B |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 1.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KBR | MVST |
|---|---|---|
| 2022 | +11.9% | -73.0% |
| 2023 | +5.9% | -8.5% |
| 2024 | +5.6% | +47.9% |
| 2025 | -29.7% | +35.3% |
| 2026 | -4.1% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBR and MVST good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KBR and MVST?
As of 2026-08-27, the correlation of weekly returns between KBR and MVST is -0.30 over 3 years, 0.14 over 1 year and -0.17 over 5 years.
Is MVST a good diversifier for KBR?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/kbr-vs-mvst.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: KBR correlations · MVST correlations
