MXCT vs VSTS: Correlation
How closely do MaxCyte, Inc. (MXCT) and Vestis Corporation (VSTS) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXCT and VSTS?
Across a 3-year window, the weekly returns of MXCT and VSTS correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 1415.9 %².
By 3-year correlation, VSTS places #5 of the 11 assets tracked against MXCT. Correlation aside, the last 12 months split them widely, with VSTS ahead by 185.8 points (-8.6% versus +177.2%).
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 VSTS: side by side
| MXCT (MaxCyte, Inc.) | VSTS (Vestis Corporation) | |
|---|---|---|
| 1-year return | -8.6% | +177.2% |
| 5-year return | -91.7% | n/a |
| Volatility (ann.) | 63.0% | 61.1% |
| Beta vs S&P 500 | 1.35 | 0.98 |
| Max drawdown (3Y) | -87.4% | -81.6% |
| Market cap | $0.1B | $1.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXCT | VSTS |
|---|---|---|
| 2022 | -46.4% | – |
| 2023 | -13.9% | – |
| 2024 | -11.5% | -27.2% |
| 2025 | -62.7% | -56.1% |
| 2026 | -17.4% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXCT and VSTS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MXCT and VSTS?
The MXCT/VSTS correlation stands at 0.37 on a 3-year window (1 year: 0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VSTS a good diversifier for MXCT?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined 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.
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Related comparisons
Hubs: MXCT correlations · VSTS correlations
