MNDR vs VFS: Correlation
Mobile-health Network Solutions - Class A (MNDR) and VinFast Auto Ltd. (VFS) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and VFS?
Over the past 3 years, MNDR and VFS moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2352.6 %².
Among the 40 assets we track against MNDR, VFS ranks #27 by 3-year correlation. The last year tells two different stories: VFS led by 85.4 percentage points, -94.9% for MNDR against -9.5% for VFS. One caveat on sizing: MNDR is 2.2 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.
MNDR vs VFS: side by side
| MNDR (Mobile-health Network Solutions - Class A) | VFS (VinFast Auto Ltd.) | |
|---|---|---|
| 1-year return | -94.9% | -9.5% |
| 5-year return | n/a | -67.8% |
| Volatility (ann.) | 161.8% | 75.2% |
| Beta vs S&P 500 | -0.61 | 1.62 |
| Max drawdown (3Y) | -100.0% | -97.1% |
| Market cap | – | $7.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNDR | VFS |
|---|---|---|
| 2022 | – | +3.2% |
| 2023 | – | -16.3% |
| 2024 | – | -51.9% |
| 2025 | -93.0% | -17.1% |
| 2026 | -68.6% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and VFS good diversifiers for each other?
Yes. With a correlation of -0.23, MNDR and VFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNDR and VFS?
As of 2026-08-27, the correlation of weekly returns between MNDR and VFS is -0.23 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is VFS a good diversifier for MNDR?
Yes. With a correlation of -0.23, MNDR and VFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MNDR correlations · VFS correlations
