LBTYB vs MVST: Correlation
How closely do Liberty Global Ltd. - Class B (LBTYB) and Microvast Holdings, Inc. (MVST) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYB and MVST?
Over the past 3 years, LBTYB and MVST moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.33). Over 5 years the correlation is -0.24, and the annualized covariance of weekly returns is -3990.7 %².
Among the 22 assets we track against LBTYB, MVST sits near the bottom by co-movement, at rank #21. The last year tells two different stories: LBTYB led by 81.7 percentage points, +10.5% for LBTYB against -71.2% for MVST. Note the risk asymmetry: MVST runs 3.6 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.
LBTYB vs MVST: side by side
| LBTYB (Liberty Global Ltd. - Class B) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | +10.5% | -71.2% |
| 5-year return | -55.0% | -91.6% |
| Volatility (ann.) | 57.5% | 209.2% |
| Beta vs S&P 500 | 0.32 | 0.26 |
| Max drawdown (3Y) | -58.2% | -92.8% |
| Market cap | $4.4B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LBTYB | MVST |
|---|---|---|
| 2022 | -32.5% | -73.0% |
| 2023 | -6.3% | -8.5% |
| 2024 | -27.3% | +47.9% |
| 2025 | -8.7% | +35.3% |
| 2026 | +9.4% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYB and MVST good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between LBTYB and MVST?
As of 2026-08-27, the correlation of weekly returns between LBTYB and MVST is -0.33 over 3 years, -0.03 over 1 year and -0.24 over 5 years.
Is MVST a good diversifier for LBTYB?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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.
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Related comparisons
Hubs: LBTYB correlations · MVST correlations
