MIST vs VT: Correlation
How closely do Milestone Pharmaceuticals Inc. (MIST) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIST and VT?
On 3 years of weekly data the MIST/VT correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.43 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 550.0 %².
By 3-year correlation, VT places #5 of the 11 assets tracked against MIST. Their recent paths diverged sharply: over the last 12 months VT outperformed by 55.5 percentage points (-32.8% for MIST against +22.7% for VT). Note the risk asymmetry: MIST runs 6.6 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.
MIST vs VT: side by side
| MIST (Milestone Pharmaceuticals Inc.) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | -32.8% | +22.7% |
| 5-year return | -80.4% | +67.7% |
| Volatility (ann.) | 91.2% | 13.9% |
| Beta vs S&P 500 | 2.57 | 0.92 |
| Max drawdown (3Y) | -80.7% | -16.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | MIST | VT |
|---|---|---|
| 2022 | -39.5% | -18.0% |
| 2023 | -57.8% | +22.0% |
| 2024 | +41.3% | +16.5% |
| 2025 | -14.4% | +22.4% |
| 2026 | -41.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIST and VT good diversifiers for each other?
Reasonably. At 0.43, MIST and VT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MIST and VT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.54 over the last year and 0.31 over 5 years.
Is VT a good diversifier for MIST?
Reasonably. At 0.43, MIST and VT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/mist-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mist-vs-vt/)
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Related comparisons
Hubs: MIST correlations · VT correlations
