ABVC vs MEGL: Correlation
Measured on weekly returns over the past three years, ABVC BioPharma, Inc. (ABVC) and Magic Empire Global Limited - Class A (MEGL) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABVC and MEGL?
On 3 years of weekly data the ABVC/MEGL correlation comes out at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.30 over 3 years. The 5-year figure is 0.24, and annualized covariance runs at 5494.8 %².
In ABVC's tracked universe of 10 assets, MEGL sits right near the top at #3. Correlation aside, the last 12 months split them widely, with MEGL ahead by 56.6 points (-73.3% versus -16.7%). Risk is not evenly split, since MEGL carries 1.6 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.
ABVC vs MEGL: side by side
| ABVC (ABVC BioPharma, Inc.) | MEGL (Magic Empire Global Limited - Class A) | |
|---|---|---|
| 1-year return | -73.3% | -16.7% |
| 5-year return | -97.5% | n/a |
| Volatility (ann.) | 106.7% | 170.2% |
| Beta vs S&P 500 | 1.35 | -0.70 |
| Max drawdown (3Y) | -85.0% | -68.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABVC | MEGL |
|---|---|---|
| 2022 | -81.6% | – |
| 2023 | -81.4% | -7.3% |
| 2024 | -49.1% | -54.4% |
| 2025 | +261.0% | +117.6% |
| 2026 | -62.6% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABVC and MEGL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABVC and MEGL?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.17 over the last year and 0.24 over 5 years.
Is MEGL a good diversifier for ABVC?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
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
$ curl https://www.pairbook.io/api/v1/pairs/abvc-vs-megl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abvc-vs-megl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABVC correlations · MEGL correlations
