MVST vs VHI: Correlation
Microvast Holdings, Inc. (MVST) and Valhi, Inc. (VHI) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVST and VHI?
On 3 years of weekly data the MVST/VHI correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (-0.30). The 5-year figure is -0.21, and annualized covariance runs at -3777.0 %².
By 3-year correlation, VHI places #35 of the 41 assets tracked against MVST. The last year tells two different stories: VHI led by 78.3 percentage points, -71.2% for MVST against +7.1% for VHI. Risk is not evenly split, since MVST carries 3.5 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 VHI: side by side
| MVST (Microvast Holdings, Inc.) | VHI (Valhi, Inc.) | |
|---|---|---|
| 1-year return | -71.2% | +7.1% |
| 5-year return | -91.6% | -14.8% |
| Volatility (ann.) | 209.2% | 59.4% |
| Beta vs S&P 500 | 0.26 | 1.08 |
| Max drawdown (3Y) | -92.8% | -71.3% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MVST | VHI |
|---|---|---|
| 2022 | -73.0% | -22.7% |
| 2023 | -8.5% | -29.4% |
| 2024 | +47.9% | +56.5% |
| 2025 | +35.3% | -47.4% |
| 2026 | -72.5% | +49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVST and VHI good diversifiers for each other?
Yes. With a correlation of -0.30, MVST and VHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MVST and VHI?
As of 2026-08-27, the correlation of weekly returns between MVST and VHI is -0.30 over 3 years, 0.23 over 1 year and -0.21 over 5 years.
Is VHI a good diversifier for MVST?
Yes. With a correlation of -0.30, MVST and VHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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.
Use this data
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Related comparisons
Hubs: MVST correlations · VHI correlations
