MTVA vs OXSQ: Correlation
MetaVia Inc. (MTVA) and Oxford Square Capital Corp. - Closed End Fund (OXSQ) show a negative relationship: their 3-year correlation of weekly returns is -0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTVA and OXSQ?
Over the past 3 years, MTVA and OXSQ moved with a correlation of -0.45, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.59) than the 3-year average (-0.45). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -2028.9 %².
OXSQ is close to the least connected end of MTVA's tracked universe, ranking #20 of 20. The last year tells two different stories: OXSQ led by 55.3 percentage points, -76.2% for MTVA against -20.9% for OXSQ. Note the risk asymmetry: MTVA runs 6.7 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.
MTVA vs OXSQ: side by side
| MTVA (MetaVia Inc.) | OXSQ (Oxford Square Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -76.2% | -20.9% |
| 5-year return | -100.0% | -29.3% |
| Volatility (ann.) | 173.6% | 26.1% |
| Beta vs S&P 500 | 1.46 | 0.39 |
| Max drawdown (3Y) | -98.6% | -46.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 31.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTVA | OXSQ |
|---|---|---|
| 2022 | -98.0% | -14.4% |
| 2023 | -35.6% | +9.2% |
| 2024 | -45.1% | -1.9% |
| 2025 | -62.3% | -13.3% |
| 2026 | -80.3% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTVA and OXSQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
FAQ
What is the correlation between MTVA and OXSQ?
The MTVA/OXSQ correlation stands at -0.45 on a 3-year window (1 year: -0.59, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is OXSQ a good diversifier for MTVA?
By historical standards, yes. A correlation of -0.45 means the two rarely move for the same reasons.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 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/mtva-vs-oxsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtva-vs-oxsq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTVA correlations · OXSQ correlations
