MRVI vs RVTY: Correlation
How closely do Maravai LifeSciences Holdings, Inc. (MRVI) and Revvity (RVTY) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVI and RVTY?
On 3 years of weekly data the MRVI/RVTY correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.46 over 3. The 5-year figure is 0.44, and annualized covariance runs at 1360.3 %².
In MRVI's tracked universe of 11 assets, RVTY sits right near the top at #3. Correlation aside, the last 12 months split them widely, with MRVI ahead by 212.4 points (+259.2% versus +46.8%). Note the risk asymmetry: MRVI runs 2.5 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.
MRVI vs RVTY: side by side
| MRVI (Maravai LifeSciences Holdings, Inc.) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +259.2% | +46.8% |
| 5-year return | -86.0% | -30.2% |
| Volatility (ann.) | 85.9% | 34.2% |
| Beta vs S&P 500 | 1.35 | 0.81 |
| Max drawdown (3Y) | -84.8% | -35.3% |
| Market cap | $3.1B | $14.5B |
| P/E (trailing) | – | 62.4 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MRVI | RVTY |
|---|---|---|
| 2022 | -65.8% | -30.1% |
| 2023 | -54.2% | -21.9% |
| 2024 | -16.8% | +2.4% |
| 2025 | -40.4% | -13.1% |
| 2026 | +157.5% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVI and RVTY good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRVI and RVTY?
The MRVI/RVTY correlation stands at 0.46 on a 3-year window (1 year: 0.50, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is RVTY a good diversifier for MRVI?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/mrvi-vs-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrvi-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRVI correlations · RVTY correlations
