MACI vs MGLD: Correlation
Measured on weekly returns over the past three years, Melar Acquisition Corp. I - Class A (MACI) and The Marygold Companies, Inc. (MGLD) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and MGLD?
On 3 years of weekly data the MACI/MGLD correlation comes out at 0.26, weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 40.6 %².
By 3-year correlation, MGLD places #6 of the 71 assets tracked against MACI. Their 12-month results are close: +4.4% for MACI against +8.7% for MGLD. Risk is not evenly split, since MGLD carries 36.8 times the volatility of the other side.
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.
MACI vs MGLD: side by side
| MACI (Melar Acquisition Corp. I - Class A) | MGLD (The Marygold Companies, Inc.) | |
|---|---|---|
| 1-year return | +4.4% | +8.7% |
| 5-year return | n/a | -70.5% |
| Volatility (ann.) | 2.1% | 77.2% |
| Beta vs S&P 500 | -0.03 | -0.28 |
| Max drawdown (3Y) | -2.0% | -66.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MACI | MGLD |
|---|---|---|
| 2023 | – | -29.3% |
| 2024 | – | +66.0% |
| 2025 | +5.7% | -49.8% |
| 2026 | +3.1% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and MGLD good diversifiers for each other?
Reasonably. At 0.26, MACI and MGLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MACI and MGLD?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.24 over the last year and n/a over 5 years.
Is MGLD a good diversifier for MACI?
Reasonably. At 0.26, MACI and MGLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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/maci-vs-mgld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/maci-vs-mgld/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MACI correlations · MGLD correlations
