LANV vs MTB: Correlation
How closely do Lanvin Group Holdings Limited (LANV) and M&T Bank (MTB) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LANV and MTB?
On 3 years of weekly data the LANV/MTB correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -417.7 %².
Within LANV's tracked universe of 52 assets, MTB comes in at #37 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MTB outperformed by 72.2 percentage points (-50.5% for LANV against +21.7% for MTB). Note the risk asymmetry: LANV runs 2.6 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 MTB: side by side
| LANV (Lanvin Group Holdings Limited) | MTB (M&T Bank) | |
|---|---|---|
| 1-year return | -50.5% | +21.7% |
| 5-year return | -89.7% | +101.3% |
| Volatility (ann.) | 69.7% | 26.5% |
| Beta vs S&P 500 | -0.15 | 0.83 |
| Max drawdown (3Y) | -78.6% | -28.5% |
| Market cap | $0.1B | $34.5B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LANV | MTB |
|---|---|---|
| 2022 | -6.1% | -2.9% |
| 2023 | -67.7% | -1.7% |
| 2024 | -31.9% | +41.7% |
| 2025 | +0.0% | +10.4% |
| 2026 | -50.2% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LANV and MTB good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LANV and MTB?
The LANV/MTB correlation stands at -0.23 on a 3-year window (1 year: -0.31, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is MTB a good diversifier for LANV?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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-mtb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lanv-vs-mtb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LANV correlations · MTB correlations
