MLAB vs RVTY: Correlation
Mesa Laboratories, Inc. (MLAB) and Revvity (RVTY) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLAB and RVTY?
Over the past 3 years, MLAB and RVTY moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 862.1 %².
By 3-year correlation, RVTY places #4 of the 12 assets tracked against MLAB. Their recent paths diverged sharply: over the last 12 months MLAB outperformed by 41.6 percentage points (+88.4% for MLAB against +46.8% for RVTY). One caveat on sizing: MLAB 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.
MLAB vs RVTY: side by side
| MLAB (Mesa Laboratories, Inc.) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +88.4% | +46.8% |
| 5-year return | -51.1% | -30.2% |
| Volatility (ann.) | 52.3% | 34.2% |
| Beta vs S&P 500 | 1.12 | 0.81 |
| Max drawdown (3Y) | -62.8% | -35.3% |
| Market cap | $0.7B | $14.5B |
| P/E (trailing) | 151.4 | 62.4 |
| Dividend yield | 0.50% | 0.22% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MLAB | RVTY |
|---|---|---|
| 2022 | -49.2% | -30.1% |
| 2023 | -36.6% | -21.9% |
| 2024 | +26.6% | +2.4% |
| 2025 | -40.0% | -13.1% |
| 2026 | +64.4% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLAB and RVTY good diversifiers for each other?
Reasonably. At 0.48, MLAB and RVTY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MLAB and RVTY?
As of 2026-08-27, the correlation of weekly returns between MLAB and RVTY is 0.48 over 3 years, 0.48 over 1 year and 0.45 over 5 years.
Is RVTY a good diversifier for MLAB?
Reasonably. At 0.48, MLAB and RVTY keep a meaningful degree of independence, and combining them has historically reduced portfolio 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/mlab-vs-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mlab-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MLAB correlations · RVTY correlations
