MGTX vs PMVP: Correlation
How closely do MeiraGTx Holdings plc (MGTX) and PMV Pharmaceuticals, Inc. (PMVP) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGTX and PMVP?
Over the past 3 years, MGTX and PMVP moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 3215.4 %².
By 3-year correlation, PMVP places #8 of the 20 assets tracked against MGTX. Their recent paths diverged sharply: over the last 12 months MGTX outperformed by 102.8 percentage points (+90.1% for MGTX against -12.7% for PMVP).
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.
MGTX vs PMVP: side by side
| MGTX (MeiraGTx Holdings plc) | PMVP (PMV Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +90.1% | -12.7% |
| 5-year return | +2.2% | -95.9% |
| Volatility (ann.) | 77.0% | 86.3% |
| Beta vs S&P 500 | 2.02 | 1.29 |
| Max drawdown (3Y) | -47.1% | -88.8% |
| Market cap | $1.4B | $0.1B |
| P/E (trailing) | 16.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGTX | PMVP |
|---|---|---|
| 2022 | -72.5% | -62.3% |
| 2023 | +7.7% | -64.4% |
| 2024 | -13.2% | -51.3% |
| 2025 | +30.5% | -17.2% |
| 2026 | +77.9% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGTX and PMVP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGTX and PMVP?
The MGTX/PMVP correlation stands at 0.48 on a 3-year window (1 year: 0.19, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is PMVP a good diversifier for MGTX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/mgtx-vs-pmvp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgtx-vs-pmvp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGTX correlations · PMVP correlations
