MDIA vs VIVO: Correlation
Measured on weekly returns over the past three years, Mediaco Holding Inc. (MDIA) and VivoPower PLC - Class A (VIVO) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDIA and VIVO?
Across a 3-year window, the weekly returns of MDIA and VIVO correlate at 0.66, strong. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.66 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 66047.0 %².
Few assets follow MDIA as closely as VIVO, which ranks #2 of 10 tracked partners. Twelve-month performance is nearly a tie, at -20.6% for MDIA and -23.8% for VIVO. One caveat on sizing: MDIA is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MDIA vs VIVO: side by side
| MDIA (Mediaco Holding Inc.) | VIVO (VivoPower PLC - Class A) | |
|---|---|---|
| 1-year return | -20.6% | -23.8% |
| 5-year return | -89.6% | -92.6% |
| Volatility (ann.) | 389.4% | 256.4% |
| Beta vs S&P 500 | -0.94 | 0.31 |
| Max drawdown (3Y) | -90.2% | -89.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDIA | VIVO |
|---|---|---|
| 2022 | -78.5% | -91.9% |
| 2023 | -62.6% | -21.5% |
| 2024 | +165.1% | -31.1% |
| 2025 | -49.1% | +70.3% |
| 2026 | +79.3% | +89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDIA and VIVO good diversifiers for each other?
Only partially. A correlation of 0.66 means MDIA and VIVO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MDIA and VIVO?
The MDIA/VIVO correlation stands at 0.66 on a 3-year window (1 year: 0.24, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is VIVO a good diversifier for MDIA?
Only partially. A correlation of 0.66 means MDIA and VIVO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mdia-vs-vivo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdia-vs-vivo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDIA correlations · VIVO correlations
