MVST vs SNDX: Correlation
Measured on weekly returns over the past three years, Microvast Holdings, Inc. (MVST) and Syndax Pharmaceuticals, Inc. (SNDX) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVST and SNDX?
Across a 3-year window, the weekly returns of MVST and SNDX correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.11) than the 3-year average (-0.26). Stretching to 5 years gives -0.17, with an annualized covariance of -3181.9 %².
Among the 41 assets we track against MVST, SNDX ranks #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SNDX outperformed by 95.2 percentage points (-71.2% for MVST against +24.0% for SNDX). Risk is not evenly split, since MVST carries 3.6 times the volatility of the other side.
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 SNDX: side by side
| MVST (Microvast Holdings, Inc.) | SNDX (Syndax Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -71.2% | +24.0% |
| 5-year return | -91.6% | +16.9% |
| Volatility (ann.) | 209.2% | 57.8% |
| Beta vs S&P 500 | 0.26 | 1.25 |
| Max drawdown (3Y) | -92.8% | -64.8% |
| Market cap | $0.3B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MVST | SNDX |
|---|---|---|
| 2022 | -73.0% | +16.3% |
| 2023 | -8.5% | -15.1% |
| 2024 | +47.9% | -38.8% |
| 2025 | +35.3% | +58.9% |
| 2026 | -72.5% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVST and SNDX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MVST and SNDX?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.11 over the last year and -0.17 over 5 years.
Is SNDX a good diversifier for MVST?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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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Related comparisons
Hubs: MVST correlations · SNDX correlations
