CCL vs MACI: Correlation
Measured on weekly returns over the past three years, Carnival Corporation (CCL) and Melar Acquisition Corp. I - Class A (MACI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCL and MACI?
On 3 years of weekly data the CCL/MACI correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -19.8 %².
Within CCL's tracked universe of 40 assets, MACI comes in at #31 by 3-year correlation. The last year tells two different stories: MACI led by 26.0 percentage points, -21.6% for CCL against +4.4% for MACI. Note the risk asymmetry: CCL runs 22.1 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.
CCL vs MACI: side by side
| CCL (Carnival Corporation) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | -21.6% | +4.4% |
| 5-year return | +7.3% | n/a |
| Volatility (ann.) | 46.5% | 2.1% |
| Beta vs S&P 500 | 1.72 | -0.03 |
| Max drawdown (3Y) | -42.3% | -2.0% |
| Market cap | $34.2B | $0.2B |
| P/E (trailing) | 11.5 | 60.9 |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | CCL | MACI |
|---|---|---|
| 2022 | -59.9% | – |
| 2023 | +130.0% | – |
| 2024 | +34.4% | – |
| 2025 | +22.6% | +5.7% |
| 2026 | -17.0% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCL and MACI good diversifiers for each other?
Yes. With a correlation of -0.21, CCL and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCL and MACI?
The CCL/MACI correlation stands at -0.21 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MACI a good diversifier for CCL?
Yes. With a correlation of -0.21, CCL and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/ccl-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccl-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCL correlations · MACI correlations
