MDRR vs VTRS: Correlation
Measured on weekly returns over the past three years, Medalist Diversified, Inc. (MDRR) and Viatris (VTRS) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and VTRS?
Over the past 3 years, MDRR and VTRS moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -144.4 %².
By 3-year correlation, VTRS places #14 of the 36 assets tracked against MDRR. Correlation aside, the last 12 months split them widely, with VTRS ahead by 63.0 points (+4.8% versus +67.8%).
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.
MDRR vs VTRS: side by side
| MDRR (Medalist Diversified, Inc.) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | +4.8% | +67.8% |
| 5-year return | -31.3% | +44.6% |
| Volatility (ann.) | 28.1% | 32.8% |
| Beta vs S&P 500 | -0.02 | 0.79 |
| Max drawdown (3Y) | -29.5% | -45.0% |
| Market cap | – | $19.4B |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 2.21% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MDRR | VTRS |
|---|---|---|
| 2022 | -37.3% | -14.3% |
| 2023 | -4.0% | +2.1% |
| 2024 | +28.6% | +19.7% |
| 2025 | -5.5% | +5.1% |
| 2026 | -0.7% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and VTRS good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between MDRR and VTRS?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.12 over the last year and -0.05 over 5 years.
Is VTRS a good diversifier for MDRR?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/mdrr-vs-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mdrr-vs-vtrs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MDRR correlations · VTRS correlations
