AHCO vs MAKO: Correlation
Measured on weekly returns over the past three years, AdaptHealth Corp. (AHCO) and Mako Mining Corp (MAKO) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and MAKO?
Over the past 3 years, AHCO and MAKO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.23). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -808.3 %².
By 3-year correlation, MAKO places #10 of the 21 assets tracked against AHCO. Their recent paths diverged sharply: over the last 12 months MAKO outperformed by 184.6 percentage points (-37.0% for AHCO against +147.6% for MAKO).
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.
AHCO vs MAKO: side by side
| AHCO (AdaptHealth Corp.) | MAKO (Mako Mining Corp) | |
|---|---|---|
| 1-year return | -37.0% | +147.6% |
| 5-year return | -75.6% | +320.0% |
| Volatility (ann.) | 62.0% | 57.6% |
| Beta vs S&P 500 | 0.40 | 1.23 |
| Max drawdown (3Y) | -61.0% | -31.9% |
| Market cap | $0.8B | $1.0B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | MAKO |
|---|---|---|
| 2022 | -21.4% | -67.7% |
| 2023 | -62.1% | +105.0% |
| 2024 | +30.6% | +7.8% |
| 2025 | +4.6% | +162.4% |
| 2026 | -41.8% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and MAKO good diversifiers for each other?
Yes. With a correlation of -0.23, AHCO and MAKO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AHCO and MAKO?
As of 2026-08-27, the correlation of weekly returns between AHCO and MAKO is -0.23 over 3 years, -0.50 over 1 year and -0.13 over 5 years.
Is MAKO a good diversifier for AHCO?
Yes. With a correlation of -0.23, AHCO and MAKO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ahco-vs-mako.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ahco-vs-mako/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHCO correlations · MAKO correlations
