MACI vs WOR: Correlation
Measured on weekly returns over the past three years, Melar Acquisition Corp. I - Class A (MACI) and Worthington Enterprises, Inc. (WOR) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and WOR?
Across a 3-year window, the weekly returns of MACI and WOR correlate at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.28). Stretching to 5 years gives n/a, with an annualized covariance of -20.6 %².
WOR is close to the least connected end of MACI's tracked universe, ranking #68 of 71. Correlation aside, the last 12 months split them widely, with MACI ahead by 17.5 points (+4.4% versus -13.1%). Note the risk asymmetry: WOR runs 16.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WOR: side by side
| MACI (Melar Acquisition Corp. I - Class A) | WOR (Worthington Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +4.4% | -13.1% |
| 5-year return | n/a | +73.3% |
| Volatility (ann.) | 2.1% | 34.7% |
| Beta vs S&P 500 | -0.03 | 0.83 |
| Max drawdown (3Y) | -2.0% | -42.4% |
| Market cap | $0.2B | $2.8B |
| P/E (trailing) | 60.9 | 18.5 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MACI | WOR |
|---|---|---|
| 2022 | – | -6.9% |
| 2023 | – | +91.6% |
| 2024 | – | -29.3% |
| 2025 | +5.7% | +30.3% |
| 2026 | +3.1% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and WOR good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between MACI and WOR?
As of 2026-08-27, the correlation of weekly returns between MACI and WOR is -0.28 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is WOR a good diversifier for MACI?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/maci-vs-wor.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/maci-vs-wor/)
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Related comparisons
Hubs: MACI correlations · WOR correlations
