MARA vs PWCM: Correlation
Measured on weekly returns over the past three years, MARA Holdings, Inc. (MARA) and PowerCompute, Inc. (PWCM) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MARA and PWCM?
Over the past 3 years, MARA and PWCM moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 4742.2 %².
Among the 21 assets we track against MARA, PWCM ranks #12 by 3-year correlation. The last year tells two different stories: MARA led by 71.0 percentage points, -25.1% for MARA against -96.1% for PWCM.
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.
MARA vs PWCM: side by side
| MARA (MARA Holdings, Inc.) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | -25.1% | -96.1% |
| 5-year return | -70.7% | -99.8% |
| Volatility (ann.) | 83.9% | 115.8% |
| Beta vs S&P 500 | 2.07 | 2.15 |
| Max drawdown (3Y) | -78.3% | -99.3% |
| Market cap | $4.6B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MARA | PWCM |
|---|---|---|
| 2022 | -89.6% | -88.6% |
| 2023 | +586.8% | +11.8% |
| 2024 | -28.6% | -41.9% |
| 2025 | -46.5% | -79.3% |
| 2026 | +32.2% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MARA and PWCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MARA and PWCM?
As of 2026-08-27, the correlation of weekly returns between MARA and PWCM is 0.49 over 3 years, 0.45 over 1 year and 0.45 over 5 years.
Is PWCM a good diversifier for MARA?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MARA correlations · PWCM correlations
