AIIO vs MRNO: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and Murano Global Investments PLC (MRNO) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and MRNO?
Across a 3-year window, the weekly returns of AIIO and MRNO correlate at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.41 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 19464.7 %².
By 3-year correlation, MRNO places #5 of the 35 assets tracked against AIIO. On 12-month performance AIIO holds a 5.1-point edge, -91.3% against -96.4%. Note the risk asymmetry: AIIO runs 1.6 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.
AIIO vs MRNO: side by side
| AIIO (Robo.ai Inc. - Class B) | MRNO (Murano Global Investments PLC) | |
|---|---|---|
| 1-year return | -91.3% | -96.4% |
| 5-year return | -98.8% | -97.9% |
| Volatility (ann.) | 280.6% | 170.9% |
| Beta vs S&P 500 | 0.74 | 1.65 |
| Max drawdown (3Y) | -99.7% | -99.1% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | MRNO |
|---|---|---|
| 2022 | -9.2% | – |
| 2023 | -27.5% | +9.0% |
| 2024 | -91.0% | -8.4% |
| 2025 | -56.6% | -94.4% |
| 2026 | -61.3% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and MRNO good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIIO and MRNO?
The AIIO/MRNO correlation stands at 0.41 on a 3-year window (1 year: 0.54, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is MRNO a good diversifier for AIIO?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/aiio-vs-mrno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiio-vs-mrno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIIO correlations · MRNO correlations
