DFIN vs MEGL: Correlation
Measured on weekly returns over the past three years, Donnelley Financial Solutions, Inc. (DFIN) and Magic Empire Global Limited - Class A (MEGL) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFIN and MEGL?
Over the past 3 years, DFIN and MEGL moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.19) than the 3-year average (-0.29). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -2055.7 %².
Among the 14 assets we track against DFIN, MEGL sits near the bottom by co-movement, at rank #12. Twelve-month performance is nearly a tie, at -15.6% for DFIN and -16.7% for MEGL. One caveat on sizing: MEGL is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DFIN vs MEGL: side by side
| DFIN (Donnelley Financial Solutions, Inc.) | MEGL (Magic Empire Global Limited - Class A) | |
|---|---|---|
| 1-year return | -15.6% | -16.7% |
| 5-year return | +44.0% | n/a |
| Volatility (ann.) | 42.1% | 170.2% |
| Beta vs S&P 500 | 1.09 | -0.70 |
| Max drawdown (3Y) | -47.4% | -68.7% |
| Market cap | $1.2B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFIN | MEGL |
|---|---|---|
| 2022 | -18.0% | – |
| 2023 | +61.4% | -7.3% |
| 2024 | +0.6% | -54.4% |
| 2025 | -25.6% | +117.6% |
| 2026 | +2.7% | -0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFIN and MEGL good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFIN and MEGL?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with 0.19 over the last year and -0.19 over 5 years.
Is MEGL a good diversifier for DFIN?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/dfin-vs-megl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfin-vs-megl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFIN correlations · MEGL correlations
