AEI vs MGLD: Correlation
Alset Inc. (AEI) and The Marygold Companies, Inc. (MGLD) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEI and MGLD?
Across a 3-year window, the weekly returns of AEI and MGLD correlate at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.28 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 2261.5 %².
Among the 14 assets we track against AEI, MGLD ranks #9 by 3-year correlation. On 12-month performance MGLD holds a 7.3-point edge, +1.4% against +8.7%.
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.
AEI vs MGLD: side by side
| AEI (Alset Inc.) | MGLD (The Marygold Companies, Inc.) | |
|---|---|---|
| 1-year return | +1.4% | +8.7% |
| 5-year return | -96.4% | -70.5% |
| Volatility (ann.) | 106.1% | 77.2% |
| Beta vs S&P 500 | 1.79 | -0.28 |
| Max drawdown (3Y) | -76.1% | -66.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEI | MGLD |
|---|---|---|
| 2022 | -79.4% | – |
| 2023 | -55.2% | -29.3% |
| 2024 | -1.0% | +66.0% |
| 2025 | +237.3% | -49.8% |
| 2026 | -57.3% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEI and MGLD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AEI and MGLD?
As of 2026-08-27, the correlation of weekly returns between AEI and MGLD is 0.28 over 3 years, 0.14 over 1 year and 0.24 over 5 years.
Is MGLD a good diversifier for AEI?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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/aei-vs-mgld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aei-vs-mgld/)
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Related comparisons
Hubs: AEI correlations · MGLD correlations
