MTVA vs PDCC: Correlation
MetaVia Inc. (MTVA) and Pearl Diver Credit Company Inc. (PDCC) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTVA and PDCC?
Over the past 3 years, MTVA and PDCC moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.28 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1444.6 %².
Among the 20 assets we track against MTVA, PDCC sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with PDCC ahead by 38.2 points (-76.2% versus -38.0%). One caveat on sizing: MTVA is 6.6 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.
MTVA vs PDCC: side by side
| MTVA (MetaVia Inc.) | PDCC (Pearl Diver Credit Company Inc.) | |
|---|---|---|
| 1-year return | -76.2% | -38.0% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 173.6% | 26.4% |
| Beta vs S&P 500 | 1.46 | 0.17 |
| Max drawdown (3Y) | -98.6% | -47.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTVA | PDCC |
|---|---|---|
| 2022 | -98.0% | – |
| 2023 | -35.6% | – |
| 2024 | -45.1% | – |
| 2025 | -62.3% | -20.9% |
| 2026 | -80.3% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTVA and PDCC good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between MTVA and PDCC?
As of 2026-08-27, the correlation of weekly returns between MTVA and PDCC is -0.28 over 3 years, -0.27 over 1 year and n/a over 5 years.
Is PDCC a good diversifier for MTVA?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mtva-vs-pdcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtva-vs-pdcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTVA correlations · PDCC correlations
