MACI vs TWG: Correlation
Melar Acquisition Corp. I - Class A (MACI) and Top Wealth Group Holding Limited - Class A (TWG) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and TWG?
Across a 3-year window, the weekly returns of MACI and TWG correlate at -0.33, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.14 versus -0.33 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -175.9 %².
TWG is close to the least connected end of MACI's tracked universe, ranking #70 of 71. Correlation aside, the last 12 months split them widely, with MACI ahead by 94.0 points (+4.4% versus -89.6%). Risk is not evenly split, since TWG carries 118.3 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 TWG: side by side
| MACI (Melar Acquisition Corp. I - Class A) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +4.4% | -89.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 2.1% | 248.4% |
| Beta vs S&P 500 | -0.03 | 0.99 |
| Max drawdown (3Y) | -2.0% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 60.9 | 4.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are MACI and TWG good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MACI and TWG?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.14 over the last year and n/a over 5 years.
Is TWG a good diversifier for MACI?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/maci-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MACI correlations · TWG correlations
