MACI vs SOXX: Correlation
Melar Acquisition Corp. I - Class A (MACI) and iShares Semiconductor ETF (SOXX) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and SOXX?
Over the past 3 years, MACI and SOXX moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.20). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -15.1 %².
Within MACI's tracked universe of 71 assets, SOXX comes in at #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SOXX outperformed by 105.6 percentage points (+4.4% for MACI against +110.0% for SOXX). One caveat on sizing: SOXX is 16.8 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.
MACI vs SOXX: side by side
| MACI (Melar Acquisition Corp. I - Class A) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +4.4% | +110.0% |
| 5-year return | n/a | +247.5% |
| Volatility (ann.) | 2.1% | 35.2% |
| Beta vs S&P 500 | -0.03 | 1.93 |
| Max drawdown (3Y) | -2.0% | -41.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 0.00% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | US Listed | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | MACI | SOXX |
|---|---|---|
| 2022 | – | -35.1% |
| 2023 | – | +67.1% |
| 2024 | – | +12.9% |
| 2025 | +5.7% | +40.7% |
| 2026 | +3.1% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and SOXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between MACI and SOXX?
As of 2026-08-27, the correlation of weekly returns between MACI and SOXX is -0.20 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is SOXX a good diversifier for MACI?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/maci-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/maci-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MACI correlations · SOXX correlations
