MCI vs MPV: Correlation
Measured on weekly returns over the past three years, Barings Corporate Investors (MCI) and Barings Participation Investors (MPV) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCI and MPV?
On 3 years of weekly data the MCI/MPV correlation comes out at 0.62, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 329.6 %².
MPV is one of the assets that tracks MCI most closely: it ranks #1 out of the 12 assets we track against MCI. Over the last 12 months MCI came out ahead by 6.2 percentage points (-7.7% against -13.9%).
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.
MCI vs MPV: side by side
| MCI (Barings Corporate Investors) | MPV (Barings Participation Investors) | |
|---|---|---|
| 1-year return | -7.7% | -13.9% |
| 5-year return | +77.0% | +72.3% |
| Volatility (ann.) | 25.3% | 21.0% |
| Beta vs S&P 500 | 0.13 | 0.27 |
| Max drawdown (3Y) | -27.9% | -20.8% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | 13.2 | 13.1 |
| Dividend yield | 8.73% | 9.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCI | MPV |
|---|---|---|
| 2022 | -5.9% | -10.7% |
| 2023 | +44.5% | +39.1% |
| 2024 | +20.8% | +20.5% |
| 2025 | -3.7% | +0.7% |
| 2026 | +3.7% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCI and MPV good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MCI and MPV?
As of 2026-08-27, the correlation of weekly returns between MCI and MPV is 0.62 over 3 years, 0.61 over 1 year and 0.60 over 5 years.
Is MPV a good diversifier for MCI?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
A reading of 0.62 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/mci-vs-mpv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mci-vs-mpv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCI correlations · MPV correlations
