MSLE vs SVCO: Correlation
How closely do Satellos Bioscience Inc. (MSLE) and Silvaco Group, Inc. (SVCO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSLE and SVCO?
On 3 years of weekly data the MSLE/SVCO correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1426.0 %².
SVCO is close to the least connected end of MSLE's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months MSLE outperformed by 34.8 percentage points (+82.0% for MSLE against +47.2% for SVCO).
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.
MSLE vs SVCO: side by side
| MSLE (Satellos Bioscience Inc.) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | +82.0% | +47.2% |
| 5-year return | -36.4% | n/a |
| Volatility (ann.) | 80.3% | 80.2% |
| Beta vs S&P 500 | 0.86 | 1.47 |
| Max drawdown (3Y) | -57.0% | -83.8% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSLE | SVCO |
|---|---|---|
| 2022 | -78.8% | – |
| 2023 | +89.0% | – |
| 2024 | +81.5% | – |
| 2025 | -16.9% | -49.9% |
| 2026 | +63.4% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSLE and SVCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between MSLE and SVCO?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.25 over the last year and n/a over 5 years.
Is SVCO a good diversifier for MSLE?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/msle-vs-svco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/msle-vs-svco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSLE correlations · SVCO correlations
