GIII vs MAC: Correlation
How closely do G-III Apparel Group, LTD. (GIII) and Macerich Company (The) (MAC) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and MAC?
On 3 years of weekly data the GIII/MAC correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.42). The 5-year figure is 0.47, and annualized covariance runs at 603.2 %².
By 3-year correlation, MAC places #4 of the 14 assets tracked against GIII. The trailing year gives MAC the advantage: +24.7% versus +34.5%, a 9.8-point spread.
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.
GIII vs MAC: side by side
| GIII (G-III Apparel Group, LTD.) | MAC (Macerich Company (The)) | |
|---|---|---|
| 1-year return | +24.7% | +34.5% |
| 5-year return | +8.5% | +75.7% |
| Volatility (ann.) | 39.5% | 36.7% |
| Beta vs S&P 500 | 0.53 | 1.22 |
| Max drawdown (3Y) | -43.1% | -39.6% |
| Market cap | $1.4B | $7.1B |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 0.60% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIII | MAC |
|---|---|---|
| 2022 | -50.4% | -31.6% |
| 2023 | +147.8% | +45.7% |
| 2024 | -4.0% | +34.5% |
| 2025 | -10.9% | -3.7% |
| 2026 | +15.9% | +31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and MAC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GIII and MAC?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.54 over the last year and 0.47 over 5 years.
Is MAC a good diversifier for GIII?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GIII correlations · MAC correlations
