BMBL vs MEGL: Correlation
Bumble Inc. (BMBL) and Magic Empire Global Limited - Class A (MEGL) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMBL and MEGL?
Over the past 3 years, BMBL and MEGL moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.26) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -2558.5 %².
Among the 13 assets we track against BMBL, MEGL sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with MEGL ahead by 40.2 points (-56.9% versus -16.7%). Note the risk asymmetry: MEGL runs 2.9 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.
BMBL vs MEGL: side by side
| BMBL (Bumble Inc.) | MEGL (Magic Empire Global Limited - Class A) | |
|---|---|---|
| 1-year return | -56.9% | -16.7% |
| 5-year return | -95.1% | n/a |
| Volatility (ann.) | 58.7% | 170.2% |
| Beta vs S&P 500 | 1.18 | -0.70 |
| Max drawdown (3Y) | -84.7% | -68.7% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMBL | MEGL |
|---|---|---|
| 2022 | -37.8% | – |
| 2023 | -30.0% | -7.3% |
| 2024 | -44.8% | -54.4% |
| 2025 | -56.1% | +117.6% |
| 2026 | -24.1% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMBL and MEGL good diversifiers for each other?
Yes. With a correlation of -0.26, BMBL and MEGL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BMBL and MEGL?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.26 over the last year and -0.12 over 5 years.
Is MEGL a good diversifier for BMBL?
Yes. With a correlation of -0.26, BMBL and MEGL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/bmbl-vs-megl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmbl-vs-megl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMBL correlations · MEGL correlations
