MPV vs PLAY: Correlation
Measured on weekly returns over the past three years, Barings Participation Investors (MPV) and Dave & Buster's Entertainment, Inc. (PLAY) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPV and PLAY?
Across a 3-year window, the weekly returns of MPV and PLAY correlate at 0.31, moderate. The past 12 months show a tighter link (0.45) than the 3-year average (0.31). Stretching to 5 years gives 0.27, with an annualized covariance of 415.4 %².
By 3-year correlation, PLAY places #5 of the 11 assets tracked against MPV. Correlation aside, the last 12 months split them widely, with MPV ahead by 50.0 points (-13.9% versus -63.9%). One caveat on sizing: PLAY is 3.0 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.
MPV vs PLAY: side by side
| MPV (Barings Participation Investors) | PLAY (Dave & Buster's Entertainment, Inc.) | |
|---|---|---|
| 1-year return | -13.9% | -63.9% |
| 5-year return | +72.3% | -74.8% |
| Volatility (ann.) | 21.0% | 63.8% |
| Beta vs S&P 500 | 0.27 | 1.25 |
| Max drawdown (3Y) | -20.8% | -86.6% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 9.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPV | PLAY |
|---|---|---|
| 2022 | -10.7% | -7.7% |
| 2023 | +39.1% | +51.9% |
| 2024 | +20.5% | -45.8% |
| 2025 | +0.7% | -44.5% |
| 2026 | +4.0% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPV and PLAY good diversifiers for each other?
Reasonably. At 0.31, MPV and PLAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MPV and PLAY?
The MPV/PLAY correlation stands at 0.31 on a 3-year window (1 year: 0.45, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is PLAY a good diversifier for MPV?
Reasonably. At 0.31, MPV and PLAY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/mpv-vs-play.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mpv-vs-play/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MPV correlations · PLAY correlations
