LIEN vs MRVI: Correlation
Chicago Atlantic BDC, Inc. (LIEN) and Maravai LifeSciences Holdings, Inc. (MRVI) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIEN and MRVI?
Over the past 3 years, LIEN and MRVI moved with a correlation of 0.34, which is moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.34). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 769.0 %².
Among the 13 assets we track against LIEN, MRVI ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRVI outperformed by 254.0 percentage points (+5.2% for LIEN against +259.2% for MRVI). Note the risk asymmetry: MRVI runs 3.2 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.
LIEN vs MRVI: side by side
| LIEN (Chicago Atlantic BDC, Inc.) | MRVI (Maravai LifeSciences Holdings, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | +259.2% |
| 5-year return | +11.0% | -86.0% |
| Volatility (ann.) | 26.5% | 85.9% |
| Beta vs S&P 500 | 0.23 | 1.35 |
| Max drawdown (3Y) | -22.5% | -84.8% |
| Market cap | $0.2B | $3.1B |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 13.40% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIEN | MRVI |
|---|---|---|
| 2022 | – | -65.8% |
| 2023 | -1.1% | -54.2% |
| 2024 | +58.6% | -16.8% |
| 2025 | -4.0% | -40.4% |
| 2026 | +5.2% | +157.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIEN and MRVI good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LIEN and MRVI?
As of 2026-08-27, the correlation of weekly returns between LIEN and MRVI is 0.34 over 3 years, 0.11 over 1 year and 0.18 over 5 years.
Is MRVI a good diversifier for LIEN?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/lien-vs-mrvi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lien-vs-mrvi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIEN correlations · MRVI correlations
