MNTS vs PMVP: Correlation
Measured on weekly returns over the past three years, Momentus Inc. (MNTS) and PMV Pharmaceuticals, Inc. (PMVP) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNTS and PMVP?
On 3 years of weekly data the MNTS/PMVP correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.20). The 5-year figure is -0.14, and annualized covariance runs at -3613.2 %².
Among the 15 assets we track against MNTS, PMVP sits near the bottom by co-movement, at rank #13. The last year tells two different stories: PMVP led by 70.6 percentage points, -83.3% for MNTS against -12.7% for PMVP. Note the risk asymmetry: MNTS runs 2.4 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.
MNTS vs PMVP: side by side
| MNTS (Momentus Inc.) | PMVP (PMV Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -83.3% | -12.7% |
| 5-year return | -100.0% | -95.9% |
| Volatility (ann.) | 205.9% | 86.3% |
| Beta vs S&P 500 | 3.44 | 1.29 |
| Max drawdown (3Y) | -99.9% | -88.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNTS | PMVP |
|---|---|---|
| 2022 | -81.3% | -62.3% |
| 2023 | -95.6% | -64.4% |
| 2024 | -67.3% | -51.3% |
| 2025 | -96.6% | -17.2% |
| 2026 | -12.3% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNTS and PMVP good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNTS and PMVP?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.05 over the last year and -0.14 over 5 years.
Is PMVP a good diversifier for MNTS?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnts-vs-pmvp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnts-vs-pmvp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNTS correlations · PMVP correlations
