MVST vs SOLV: Correlation
How closely do Microvast Holdings, Inc. (MVST) and Solventum (SOLV) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVST and SOLV?
On 3 years of weekly data the MVST/SOLV correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.18 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1219.6 %².
Among the 41 assets we track against MVST, SOLV ranks #19 by 3-year correlation. The last year tells two different stories: SOLV led by 95.9 percentage points, -71.2% for MVST against +24.7% for SOLV. One caveat on sizing: MVST is 6.9 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 SOLV: side by side
| MVST (Microvast Holdings, Inc.) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -71.2% | +24.7% |
| 5-year return | -91.6% | n/a |
| Volatility (ann.) | 209.2% | 30.4% |
| Beta vs S&P 500 | 0.26 | 0.62 |
| Max drawdown (3Y) | -92.8% | -40.0% |
| Market cap | $0.3B | $15.5B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MVST | SOLV |
|---|---|---|
| 2022 | -73.0% | – |
| 2023 | -8.5% | – |
| 2024 | +47.9% | – |
| 2025 | +35.3% | +20.0% |
| 2026 | -72.5% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVST and SOLV good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between MVST and SOLV?
As of 2026-08-27, the correlation of weekly returns between MVST and SOLV is -0.18 over 3 years, 0.12 over 1 year and n/a over 5 years.
Is SOLV a good diversifier for MVST?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/mvst-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mvst-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MVST correlations · SOLV correlations
