KEYS vs MACI: Correlation
Measured on weekly returns over the past three years, Keysight Technologies (KEYS) and Melar Acquisition Corp. I - Class A (MACI) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and MACI?
On 3 years of weekly data the KEYS/MACI correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.16 over 3. The 5-year figure is n/a, and annualized covariance runs at -13.1 %².
Out of 43 assets tracked against KEYS, MACI lands near the bottom at #39. Correlation aside, the last 12 months split them widely, with KEYS ahead by 93.0 points (+97.4% versus +4.4%). One caveat on sizing: KEYS is 17.5 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.
KEYS vs MACI: side by side
| KEYS (Keysight Technologies) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | +97.4% | +4.4% |
| 5-year return | +81.9% | n/a |
| Volatility (ann.) | 36.8% | 2.1% |
| Beta vs S&P 500 | 1.58 | -0.03 |
| Max drawdown (3Y) | -31.4% | -2.0% |
| Market cap | $55.5B | $0.2B |
| P/E (trailing) | 43.5 | 60.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | MACI |
|---|---|---|
| 2022 | -17.2% | – |
| 2023 | -7.0% | – |
| 2024 | +1.0% | – |
| 2025 | +26.5% | +5.7% |
| 2026 | +60.4% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and MACI good diversifiers for each other?
Yes. With a correlation of -0.16, KEYS and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KEYS and MACI?
The KEYS/MACI correlation stands at -0.16 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MACI a good diversifier for KEYS?
Yes. With a correlation of -0.16, KEYS and MACI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/keys-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/keys-vs-maci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEYS correlations · MACI correlations
