IVZ vs MACI: Correlation
Measured on weekly returns over the past three years, Invesco (IVZ) and Melar Acquisition Corp. I - Class A (MACI) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and MACI?
Across a 3-year window, the weekly returns of IVZ and MACI correlate at -0.15, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.15). Stretching to 5 years gives n/a, with an annualized covariance of -10.0 %².
Among the 33 assets we track against IVZ, MACI ranks #25 by 3-year correlation. The last year tells two different stories: IVZ led by 51.5 percentage points, +55.9% for IVZ against +4.4% for MACI. One caveat on sizing: IVZ is 15.5 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.
IVZ vs MACI: side by side
| IVZ (Invesco) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +55.9% | +4.4% |
| 5-year return | +63.7% | n/a |
| Volatility (ann.) | 32.6% | 2.1% |
| Beta vs S&P 500 | 1.29 | -0.03 |
| Max drawdown (3Y) | -36.5% | -2.0% |
| Market cap | $14.7B | $0.2B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 2.58% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IVZ | MACI |
|---|---|---|
| 2022 | -18.7% | – |
| 2023 | +4.2% | – |
| 2024 | +3.0% | – |
| 2025 | +56.9% | +5.7% |
| 2026 | +29.7% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and MACI good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between IVZ and MACI?
As of 2026-08-27, the correlation of weekly returns between IVZ and MACI is -0.15 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is MACI a good diversifier for IVZ?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/ivz-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ivz-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IVZ correlations · MACI correlations
