MXCT vs THW: Correlation
Measured on weekly returns over the past three years, MaxCyte, Inc. (MXCT) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXCT and THW?
Over the past 3 years, MXCT and THW moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 495.9 %².
By 3-year correlation, THW places #4 of the 11 assets tracked against MXCT. Correlation aside, the last 12 months split them widely, with THW ahead by 42.3 points (-8.6% versus +33.7%). One caveat on sizing: MXCT is 2.9 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.
MXCT vs THW: side by side
| MXCT (MaxCyte, Inc.) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -8.6% | +33.7% |
| 5-year return | -91.7% | +40.2% |
| Volatility (ann.) | 63.0% | 21.4% |
| Beta vs S&P 500 | 1.35 | 0.75 |
| Max drawdown (3Y) | -87.4% | -25.4% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXCT | THW |
|---|---|---|
| 2022 | -46.4% | -1.2% |
| 2023 | -13.9% | -11.5% |
| 2024 | -11.5% | +5.4% |
| 2025 | -62.7% | +31.1% |
| 2026 | -17.4% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXCT and THW good diversifiers for each other?
Reasonably. At 0.37, MXCT and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MXCT and THW?
As of 2026-08-27, the correlation of weekly returns between MXCT and THW is 0.37 over 3 years, 0.44 over 1 year and 0.38 over 5 years.
Is THW a good diversifier for MXCT?
Reasonably. At 0.37, MXCT and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/mxct-vs-thw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mxct-vs-thw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MXCT correlations · THW correlations
