MTVA vs SVRN: Correlation
MetaVia Inc. (MTVA) and OceanPal Inc. (SVRN) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTVA and SVRN?
Across a 3-year window, the weekly returns of MTVA and SVRN correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.39, with an annualized covariance of 11573.4 %².
By 3-year correlation, SVRN places #9 of the 20 assets tracked against MTVA. Twelve-month performance is nearly a tie, at -76.2% for MTVA and -72.2% for SVRN.
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 SVRN: side by side
| MTVA (MetaVia Inc.) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | -76.2% | -72.2% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 173.6% | 153.9% |
| Beta vs S&P 500 | 1.46 | 0.71 |
| Max drawdown (3Y) | -98.6% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTVA | SVRN |
|---|---|---|
| 2022 | -98.0% | -99.4% |
| 2023 | -35.6% | -90.0% |
| 2024 | -45.1% | -48.0% |
| 2025 | -62.3% | -96.3% |
| 2026 | -80.3% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTVA and SVRN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTVA and SVRN?
The MTVA/SVRN correlation stands at 0.43 on a 3-year window (1 year: 0.72, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is SVRN a good diversifier for MTVA?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-svrn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mtva-vs-svrn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MTVA correlations · SVRN correlations
