MACI vs SRRK: Correlation
How closely do Melar Acquisition Corp. I - Class A (MACI) and Scholar Rock Holding Corporation (SRRK) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and SRRK?
Over the past 3 years, MACI and SRRK moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.24) than the 3-year average (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -96.0 %².
Among the 71 assets we track against MACI, SRRK ranks #62 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SRRK ahead by 67.5 points (+4.4% versus +71.9%). One caveat on sizing: SRRK is 78.2 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 SRRK: side by side
| MACI (Melar Acquisition Corp. I - Class A) | SRRK (Scholar Rock Holding Corporation) | |
|---|---|---|
| 1-year return | +4.4% | +71.9% |
| 5-year return | n/a | +54.0% |
| Volatility (ann.) | 2.1% | 164.2% |
| Beta vs S&P 500 | -0.03 | 1.48 |
| Max drawdown (3Y) | -2.0% | -65.2% |
| Market cap | $0.2B | $7.2B |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MACI | SRRK |
|---|---|---|
| 2022 | – | -63.6% |
| 2023 | – | +107.7% |
| 2024 | – | +129.9% |
| 2025 | +5.7% | +1.9% |
| 2026 | +3.1% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and SRRK good diversifiers for each other?
Yes. With a correlation of -0.25, MACI and SRRK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MACI and SRRK?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.24 over the last year and n/a over 5 years.
Is SRRK a good diversifier for MACI?
Yes. With a correlation of -0.25, MACI and SRRK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-srrk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/maci-vs-srrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MACI correlations · SRRK correlations
