MAC vs TFX: Correlation
Macerich Company (The) (MAC) and Teleflex Incorporated (TFX) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAC and TFX?
Across a 3-year window, the weekly returns of MAC and TFX correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 597.5 %².
Within MAC's tracked universe of 19 assets, TFX comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MAC outperformed by 27.0 percentage points (+34.5% for MAC against +7.5% for TFX).
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.
MAC vs TFX: side by side
| MAC (Macerich Company (The)) | TFX (Teleflex Incorporated) | |
|---|---|---|
| 1-year return | +34.5% | +7.5% |
| 5-year return | +75.7% | -63.6% |
| Volatility (ann.) | 36.7% | 35.0% |
| Beta vs S&P 500 | 1.22 | 0.75 |
| Max drawdown (3Y) | -39.6% | -60.1% |
| Market cap | $7.1B | $5.8B |
| P/E (trailing) | – | – |
| Dividend yield | 2.81% | 0.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAC | TFX |
|---|---|---|
| 2022 | -31.6% | -23.6% |
| 2023 | +45.7% | +0.5% |
| 2024 | +34.5% | -28.2% |
| 2025 | -3.7% | -30.7% |
| 2026 | +31.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAC and TFX good diversifiers for each other?
Reasonably. At 0.46, MAC and TFX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MAC and TFX?
As of 2026-08-27, the correlation of weekly returns between MAC and TFX is 0.46 over 3 years, 0.39 over 1 year and 0.40 over 5 years.
Is TFX a good diversifier for MAC?
Reasonably. At 0.46, MAC and TFX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/mac-vs-tfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mac-vs-tfx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAC correlations · TFX correlations
