MEGL vs MLGO: Correlation
How closely do Magic Empire Global Limited - Class A (MEGL) and MicroAlgo, Inc. (MLGO) 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 MEGL and MLGO?
Over the past 3 years, MEGL and MLGO moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 36354.8 %².
In MEGL's tracked universe of 38 assets, MLGO sits right near the top at #2. Correlation aside, the last 12 months split them widely, with MEGL ahead by 36.2 points (-16.7% versus -52.9%). Note the risk asymmetry: MLGO runs 2.9 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.
MEGL vs MLGO: side by side
| MEGL (Magic Empire Global Limited - Class A) | MLGO (MicroAlgo, Inc.) | |
|---|---|---|
| 1-year return | -16.7% | -52.9% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 170.2% | 489.7% |
| Beta vs S&P 500 | -0.70 | -2.77 |
| Max drawdown (3Y) | -68.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEGL | MLGO |
|---|---|---|
| 2022 | – | -87.6% |
| 2023 | -7.3% | -27.0% |
| 2024 | -54.4% | -97.9% |
| 2025 | +117.6% | -96.1% |
| 2026 | -0.4% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGL and MLGO good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MEGL and MLGO?
As of 2026-08-27, the correlation of weekly returns between MEGL and MLGO is 0.44 over 3 years, 0.37 over 1 year and 0.30 over 5 years.
Is MLGO a good diversifier for MEGL?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/megl-vs-mlgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/megl-vs-mlgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MEGL correlations · MLGO correlations
