MTVA vs SBFM: Correlation
Measured on weekly returns over the past three years, MetaVia Inc. (MTVA) and Sunshine Biopharma Inc. (SBFM) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTVA and SBFM?
On 3 years of weekly data the MTVA/SBFM correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.34). The 5-year figure is 0.22, and annualized covariance runs at 7322.0 %².
Within MTVA's tracked universe of 20 assets, SBFM comes in at #11 by 3-year correlation. The last year tells two different stories: MTVA led by 15.2 percentage points, -76.2% for MTVA against -91.4% for SBFM.
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 SBFM: side by side
| MTVA (MetaVia Inc.) | SBFM (Sunshine Biopharma Inc.) | |
|---|---|---|
| 1-year return | -76.2% | -91.4% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 173.6% | 123.8% |
| Beta vs S&P 500 | 1.46 | 1.40 |
| Max drawdown (3Y) | -98.6% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTVA | SBFM |
|---|---|---|
| 2022 | -98.0% | – |
| 2023 | -35.6% | -57.5% |
| 2024 | -45.1% | -99.4% |
| 2025 | -62.3% | -59.0% |
| 2026 | -80.3% | -89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTVA and SBFM good diversifiers for each other?
Reasonably. At 0.34, MTVA and SBFM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTVA and SBFM?
The MTVA/SBFM correlation stands at 0.34 on a 3-year window (1 year: 0.57, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is SBFM a good diversifier for MTVA?
Reasonably. At 0.34, MTVA and SBFM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: MTVA correlations · SBFM correlations
