MVST vs PFE: Correlation
How closely do Microvast Holdings, Inc. (MVST) and Pfizer (PFE) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVST and PFE?
Over the past 3 years, MVST and PFE moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.16). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -783.1 %².
Within MVST's tracked universe of 41 assets, PFE comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PFE ahead by 90.8 points (-71.2% versus +19.6%). One caveat on sizing: MVST is 8.8 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.
MVST vs PFE: side by side
| MVST (Microvast Holdings, Inc.) | PFE (Pfizer) | |
|---|---|---|
| 1-year return | -71.2% | +19.6% |
| 5-year return | -91.6% | -21.9% |
| Volatility (ann.) | 209.2% | 23.8% |
| Beta vs S&P 500 | 0.26 | 0.40 |
| Max drawdown (3Y) | -92.8% | -34.8% |
| Market cap | $0.3B | $159.7B |
| P/E (trailing) | – | 37.4 |
| Dividend yield | 0.00% | 6.08% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MVST | PFE |
|---|---|---|
| 2022 | -73.0% | -10.4% |
| 2023 | -8.5% | -41.3% |
| 2024 | +47.9% | -2.2% |
| 2025 | +35.3% | +0.6% |
| 2026 | -72.5% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVST and PFE good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MVST and PFE?
The MVST/PFE correlation stands at -0.16 on a 3-year window (1 year: 0.07, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is PFE a good diversifier for MVST?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MVST correlations · PFE correlations
