MTNB vs VEEE: Correlation
Measured on weekly returns over the past three years, Matinas Biopharma Holdings, Inc. (MTNB) and Twin Vee PowerCats Co. (VEEE) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTNB and VEEE?
On 3 years of weekly data the MTNB/VEEE correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.24). The 5-year figure is -0.21, and annualized covariance runs at -12281.3 %².
Among the 10 assets we track against MTNB, VEEE sits near the bottom by co-movement, at rank #8. Their 12-month results are close: -89.9% for MTNB against -86.3% for VEEE. One caveat on sizing: VEEE is 3.5 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.
MTNB vs VEEE: side by side
| MTNB (Matinas Biopharma Holdings, Inc.) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | -89.9% | -86.3% |
| 5-year return | -99.5% | -99.4% |
| Volatility (ann.) | 120.2% | 421.0% |
| Beta vs S&P 500 | 1.73 | -1.03 |
| Max drawdown (3Y) | -99.4% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTNB | VEEE |
|---|---|---|
| 2022 | -50.5% | -54.4% |
| 2023 | -56.8% | -22.4% |
| 2024 | -95.3% | -61.3% |
| 2025 | +14.9% | -68.4% |
| 2026 | -65.9% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTNB and VEEE good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MTNB and VEEE?
The MTNB/VEEE correlation stands at -0.24 on a 3-year window (1 year: -0.51, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is VEEE a good diversifier for MTNB?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: MTNB correlations · VEEE correlations
