ADI vs MACI: Correlation
How closely do Analog Devices (ADI) and Melar Acquisition Corp. I - Class A (MACI) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and MACI?
Over the past 3 years, ADI and MACI moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.17). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -12.8 %².
Within ADI's tracked universe of 51 assets, MACI comes in at #44 by 3-year correlation. The last year tells two different stories: ADI led by 44.2 percentage points, +48.6% for ADI against +4.4% for MACI. Note the risk asymmetry: ADI runs 15.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADI vs MACI: side by side
| ADI (Analog Devices) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +48.6% | +4.4% |
| 5-year return | +143.1% | n/a |
| Volatility (ann.) | 32.6% | 2.1% |
| Beta vs S&P 500 | 1.56 | -0.03 |
| Max drawdown (3Y) | -32.2% | -2.0% |
| Market cap | $181.5B | $0.2B |
| P/E (trailing) | 44.6 | 60.9 |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADI | MACI |
|---|---|---|
| 2022 | -4.9% | – |
| 2023 | +23.4% | – |
| 2024 | +8.8% | – |
| 2025 | +29.8% | +5.7% |
| 2026 | +38.9% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and MACI good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ADI and MACI?
The ADI/MACI correlation stands at -0.17 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MACI a good diversifier for ADI?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADI correlations · MACI correlations
