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MVST vs. IAI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVST vs. IAI

Last updated Jun 13, 2026

MVST (Microvast Holdings, Inc.) is a stock, while IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) is Financials Equities fund tracking the DJ US Select / Investment Services. Over the past 5 years, MVST returned -39.10%/yr vs 14.44%/yr for IAI. At a 0.26 correlation, their price movements are largely independent.

Performance

MVST vs. IAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Microvast Holdings, Inc. (MVST) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MVST achieves a -59.64% return, which is significantly lower than IAI's 3.17% return.

MVST

1D
0.00%
1M
-25.66%
YTD
-59.64%
6M
-62.46%
1Y
-73.10%
3Y*
-10.38%
5Y*
-39.10%
10Y*
—

IAI

1D
1.83%
1M
3.22%
YTD
3.17%
6M
2.78%
1Y
19.26%
3Y*
28.06%
5Y*
14.44%
10Y*
19.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVST vs. IAI - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MVST
Microvast Holdings, Inc.		-59.64%35.27%47.86%-8.50%-72.97%-66.90%71.69%2.15%
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF		3.17%25.80%34.37%15.27%-10.87%40.48%18.61%18.75%

Correlation

The correlation between MVST and IAI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.32

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2019

0.26

Compare stocks, funds, or ETFs

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Microvast Holdings, Inc.

iShares U.S. Broker-Dealers & Securities Exchanges ETF

Often compared with MVST:
MVST vs. SNALMVST vs. BFLYMVST vs. CREXMVST vs. GRABMVST vs. AMPYMVST vs. UURAFMVST vs. IVV
Often compared with IAI:
IAI vs. KCEIAI vs. XLFIAI vs. SPYIAI vs. QQQIAI vs. KIEIAI vs. FASIAI vs. FXO

Return for Risk

MVST vs. IAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVST
MVST Risk / Return Rank: 1010
Overall Rank
MVST Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
MVST Sortino Ratio Rank: 1010
Sortino Ratio Rank
MVST Omega Ratio Rank: 1010
Omega Ratio Rank
MVST Calmar Ratio Rank: 77
Calmar Ratio Rank
MVST Martin Ratio Rank: 99
Martin Ratio Rank
IAI
IAI Risk / Return Rank: 2929
Overall Rank
IAI Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
IAI Sortino Ratio Rank: 3030
Sortino Ratio Rank
IAI Omega Ratio Rank: 2929
Omega Ratio Rank
IAI Calmar Ratio Rank: 2727
Calmar Ratio Rank
IAI Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MVST vs. IAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Microvast Holdings, Inc. (MVST) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

MVSTIAIDifference
Sharpe ratioReturn per unit of total volatility
-0.77
1.00

-1.76

Sortino ratioReturn per unit of downside risk
-1.19
1.43

-2.62

Omega ratioGain probability vs. loss probability

0.85

1.18

-0.32

Calmar ratioReturn relative to maximum drawdown

-0.89

1.17

-2.06

Martin ratioReturn relative to average drawdown

-1.40

3.33

-4.72

MVST vs. IAI - Sharpe Ratio Comparison

The current MVST Sharpe Ratio is -0.77, which is lower than the IAI Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of MVST and IAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MVST vs. IAI - Drawdown Comparison

The maximum MVST drawdown since its inception was -99.34%, which is greater than IAI's maximum drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for MVST and IAI.

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Drawdown Indicators

MVSTIAIDifference

Max Drawdown

Largest peak-to-trough decline

-99.34%

-75.46%

-23.88%

Max Drawdown (1Y)

Largest decline over 1 year

-82.34%

-16.52%

-65.82%

Max Drawdown (3Y)

Largest decline over 3 years

-94.40%

-23.14%

-71.26%

Max Drawdown (5Y)

Largest decline over 5 years

-98.91%

-28.84%

-70.07%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.38%

—

Current Drawdown

Current decline from peak

-95.39%

-2.81%

-92.58%

Average Drawdown

Average peak-to-trough decline

-63.32%

-22.63%

-40.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

52.31%

5.80%

+46.51%

Volatility

MVST vs. IAI - Volatility Comparison

Microvast Holdings, Inc. (MVST) has a higher volatility of 26.91% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 5.98%. This indicates that MVST's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVSTIAIDifference

Volatility (1M)

Calculated over the trailing 1-month period

26.91%

5.98%

+20.93%

Volatility (6M)

Calculated over the trailing 6-month period

77.64%

15.34%

+62.30%

Volatility (1Y)

Calculated over the trailing 1-year period

95.37%

19.44%

+75.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

187.75%

21.48%

+166.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

159.77%

22.85%

+136.92%

Dividends

MVST vs. IAI - Dividend Comparison

MVST has not paid dividends to shareholders, while IAI's dividend yield for the trailing twelve months is around 1.05%.

PositionTTM20252024202320222021202020192018201720162015
IAI
iShares U.S. Broker-Dealers & Securities Exchanges ETF		1.05%0.95%1.05%1.80%2.14%1.31%1.55%1.52%1.58%1.37%1.49%1.31%
MVST
Microvast Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MVST and IAI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MVST has higher volatility (26.91%) compared to IAI (5.98%). In terms of maximum drawdown, MVST dropped -99.34% vs IAI's -75.46%.

IAI currently has the higher Sharpe Ratio (1.00 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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