MAAS vs TGL: Correlation
Maase Inc. - Class A (MAAS) and Treasure Global Inc. (TGL) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAAS and TGL?
Across a 3-year window, the weekly returns of MAAS and TGL correlate at 0.32, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.32). Stretching to 5 years gives 0.29, with an annualized covariance of 6250.4 %².
Among the 13 assets we track against MAAS, TGL ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MAAS outperformed by 398.4 percentage points (+308.4% for MAAS against -90.0% for TGL).
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.
MAAS vs TGL: side by side
| MAAS (Maase Inc. - Class A) | TGL (Treasure Global Inc.) | |
|---|---|---|
| 1-year return | +308.4% | -90.0% |
| 5-year return | -94.5% | n/a |
| Volatility (ann.) | 126.1% | 155.0% |
| Beta vs S&P 500 | 1.00 | 0.73 |
| Max drawdown (3Y) | -99.6% | -100.0% |
| Market cap | $7.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAAS | TGL |
|---|---|---|
| 2022 | +14.9% | – |
| 2023 | -19.2% | -94.8% |
| 2024 | -94.6% | -97.2% |
| 2025 | -73.1% | -96.5% |
| 2026 | +206.3% | -58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAAS and TGL good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MAAS and TGL?
The MAAS/TGL correlation stands at 0.32 on a 3-year window (1 year: 0.16, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is TGL a good diversifier for MAAS?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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: MAAS correlations · TGL correlations
