LANV vs MDY: Correlation
How closely do Lanvin Group Holdings Limited (LANV) and SPDR S&P MidCap 400 ETF (MDY) trade together? Their weekly returns over three years give a correlation of -0.13, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LANV and MDY?
Across a 3-year window, the weekly returns of LANV and MDY correlate at -0.13, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.13). Stretching to 5 years gives -0.09, with an annualized covariance of -148.7 %².
Within LANV's tracked universe of 52 assets, MDY comes in at #8 by 3-year correlation. The last year tells two different stories: MDY led by 68.8 percentage points, -50.5% for LANV against +18.3% for MDY. Note the risk asymmetry: LANV runs 4.2 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.
LANV vs MDY: side by side
| LANV (Lanvin Group Holdings Limited) | MDY (SPDR S&P MidCap 400 ETF) | |
|---|---|---|
| 1-year return | -50.5% | +18.3% |
| 5-year return | -89.7% | +47.5% |
| Volatility (ann.) | 69.7% | 16.5% |
| Beta vs S&P 500 | -0.15 | 0.91 |
| Max drawdown (3Y) | -78.6% | -24.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.02% |
| Expense ratio | – | 0.23% |
| Assets under management | – | $26.5B |
| Sector / category | US Listed | ETF · US Small & Mid Cap |
MDY, State Street Investment Management's Mid-Cap Blend fund, carries $26.5B under management, 400 holdings, a 0.23% expense ratio, a 1.02% trailing dividend yield.
Year-by-year returns
| Year | LANV | MDY |
|---|---|---|
| 2022 | -6.1% | -13.3% |
| 2023 | -67.7% | +16.1% |
| 2024 | -31.9% | +13.6% |
| 2025 | +0.0% | +7.2% |
| 2026 | -50.2% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LANV and MDY good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between LANV and MDY?
The LANV/MDY correlation stands at -0.13 on a 3-year window (1 year: -0.01, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is MDY a good diversifier for LANV?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
A reading of -0.13 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lanv-vs-mdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lanv-vs-mdy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LANV correlations · MDY correlations
