MAYS vs MLEC: Correlation
How closely do J. W. Mays, Inc. (MAYS) and Moolec Science SA (MLEC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAYS and MLEC?
On 3 years of weekly data the MAYS/MLEC correlation comes out at 0.44, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.44). The 5-year figure is 0.26, and annualized covariance runs at 1509.0 %².
Within MAYS's tracked universe of 10 assets, MLEC comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MAYS outperformed by 77.2 percentage points (+12.9% for MAYS against -64.3% for MLEC). One caveat on sizing: MLEC is 3.1 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.
MAYS vs MLEC: side by side
| MAYS (J. W. Mays, Inc.) | MLEC (Moolec Science SA) | |
|---|---|---|
| 1-year return | +12.9% | -64.3% |
| 5-year return | +34.4% | -99.5% |
| Volatility (ann.) | 33.2% | 104.4% |
| Beta vs S&P 500 | 0.03 | -0.21 |
| Max drawdown (3Y) | -30.9% | -99.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAYS | MLEC |
|---|---|---|
| 2022 | +18.4% | +22.7% |
| 2023 | -12.7% | -79.7% |
| 2024 | +4.8% | -67.5% |
| 2025 | -9.2% | -96.8% |
| 2026 | +5.7% | +78.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAYS and MLEC good diversifiers for each other?
Reasonably. At 0.44, MAYS and MLEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MAYS and MLEC?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.56 over the last year and 0.26 over 5 years.
Is MLEC a good diversifier for MAYS?
Reasonably. At 0.44, MAYS and MLEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/mays-vs-mlec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mays-vs-mlec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAYS correlations · MLEC correlations
