LDOS vs MVST: Correlation
Measured on weekly returns over the past three years, Leidos (LDOS) and Microvast Holdings, Inc. (MVST) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDOS and MVST?
Over the past 3 years, LDOS and MVST moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.25 versus -0.27 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1803.4 %².
Out of 36 assets tracked against LDOS, MVST lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months LDOS outperformed by 48.3 percentage points (-22.9% for LDOS against -71.2% for MVST). Note the risk asymmetry: MVST runs 6.7 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.
LDOS vs MVST: side by side
| LDOS (Leidos) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | -22.9% | -71.2% |
| 5-year return | +52.1% | -91.6% |
| Volatility (ann.) | 31.4% | 209.2% |
| Beta vs S&P 500 | 0.87 | 0.26 |
| Max drawdown (3Y) | -49.5% | -92.8% |
| Market cap | $17.6B | $0.3B |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 1.23% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LDOS | MVST |
|---|---|---|
| 2022 | +20.0% | -73.0% |
| 2023 | +4.5% | -8.5% |
| 2024 | +34.5% | +47.9% |
| 2025 | +26.5% | +35.3% |
| 2026 | -22.0% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDOS and MVST good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between LDOS and MVST?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.25 over the last year and -0.18 over 5 years.
Is MVST a good diversifier for LDOS?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/ldos-vs-mvst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ldos-vs-mvst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LDOS correlations · MVST correlations
