CVV vs MACI: Correlation
How closely do CVD Equipment Corporation (CVV) and Melar Acquisition Corp. I - Class A (MACI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVV and MACI?
On 3 years of weekly data the CVV/MACI correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.23 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -42.6 %².
Among the 14 assets we track against CVV, MACI sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with CVV ahead by 149.7 points (+154.1% versus +4.4%). Note the risk asymmetry: CVV runs 37.5 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.
CVV vs MACI: side by side
| CVV (CVD Equipment Corporation) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +154.1% | +4.4% |
| 5-year return | +58.5% | n/a |
| Volatility (ann.) | 78.8% | 2.1% |
| Beta vs S&P 500 | 0.89 | -0.03 |
| Max drawdown (3Y) | -67.7% | -2.0% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVV | MACI |
|---|---|---|
| 2022 | +33.4% | – |
| 2023 | -19.6% | – |
| 2024 | -0.7% | – |
| 2025 | -29.8% | +5.7% |
| 2026 | +138.5% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVV and MACI good diversifiers for each other?
Yes. With a correlation of -0.23, CVV and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVV and MACI?
As of 2026-08-27, the correlation of weekly returns between CVV and MACI is -0.23 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is MACI a good diversifier for CVV?
Yes. With a correlation of -0.23, CVV and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/cvv-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvv-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVV correlations · MACI correlations
