MACI vs XYL: Correlation
Measured on weekly returns over the past three years, Melar Acquisition Corp. I - Class A (MACI) and Xylem Inc. (XYL) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and XYL?
Across a 3-year window, the weekly returns of MACI and XYL correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.17). Stretching to 5 years gives n/a, with an annualized covariance of -8.7 %².
Among the 71 assets we track against MACI, XYL ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MACI outperformed by 25.5 percentage points (+4.4% for MACI against -21.1% for XYL). One caveat on sizing: XYL is 11.4 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 XYL: side by side
| MACI (Melar Acquisition Corp. I - Class A) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | +4.4% | -21.1% |
| 5-year return | n/a | -12.5% |
| Volatility (ann.) | 2.1% | 23.9% |
| Beta vs S&P 500 | -0.03 | 0.96 |
| Max drawdown (3Y) | -2.0% | -30.0% |
| Market cap | $0.2B | $26.3B |
| P/E (trailing) | 60.9 | 26.8 |
| Dividend yield | 0.00% | 1.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MACI | XYL |
|---|---|---|
| 2022 | – | -6.6% |
| 2023 | – | +4.8% |
| 2024 | – | +2.6% |
| 2025 | +5.7% | +18.8% |
| 2026 | +3.1% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and XYL good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MACI and XYL?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is XYL a good diversifier for MACI?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/maci-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MACI correlations · XYL correlations
