MACI vs VEA: Correlation
How closely do Melar Acquisition Corp. I - Class A (MACI) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and VEA?
Over the past 3 years, MACI and VEA moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.18). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5.9 %².
Within MACI's tracked universe of 71 assets, VEA comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VEA ahead by 24.1 points (+4.4% versus +28.5%). Risk is not evenly split, since VEA carries 7.2 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 VEA: side by side
| MACI (Melar Acquisition Corp. I - Class A) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +4.4% | +28.5% |
| 5-year return | n/a | +63.5% |
| Volatility (ann.) | 2.1% | 15.1% |
| Beta vs S&P 500 | -0.03 | 0.79 |
| Max drawdown (3Y) | -2.0% | -13.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 0.00% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | MACI | VEA |
|---|---|---|
| 2022 | – | -15.3% |
| 2023 | – | +17.9% |
| 2024 | – | +3.1% |
| 2025 | +5.7% | +35.2% |
| 2026 | +3.1% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and VEA good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between MACI and VEA?
As of 2026-08-27, the correlation of weekly returns between MACI and VEA is -0.18 over 3 years, -0.37 over 1 year and n/a over 5 years.
Is VEA a good diversifier for MACI?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/maci-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MACI correlations · VEA correlations
