MEGL vs TRUP: Correlation
Magic Empire Global Limited - Class A (MEGL) and Trupanion, Inc. (TRUP) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGL and TRUP?
On 3 years of weekly data the MEGL/TRUP correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.31). The 5-year figure is -0.13, and annualized covariance runs at -3203.2 %².
Out of 38 assets tracked against MEGL, TRUP lands near the bottom at #36. Correlation aside, the last 12 months split them widely, with MEGL ahead by 19.3 points (-16.7% versus -36.0%). Note the risk asymmetry: MEGL runs 2.8 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 TRUP: side by side
| MEGL (Magic Empire Global Limited - Class A) | TRUP (Trupanion, Inc.) | |
|---|---|---|
| 1-year return | -16.7% | -36.0% |
| 5-year return | n/a | -68.9% |
| Volatility (ann.) | 170.2% | 60.9% |
| Beta vs S&P 500 | -0.70 | 1.57 |
| Max drawdown (3Y) | -68.7% | -62.0% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 57.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEGL | TRUP |
|---|---|---|
| 2022 | – | -64.0% |
| 2023 | -7.3% | -35.8% |
| 2024 | -54.4% | +58.0% |
| 2025 | +117.6% | -22.5% |
| 2026 | -0.4% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGL and TRUP good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MEGL and TRUP?
As of 2026-08-27, the correlation of weekly returns between MEGL and TRUP is -0.31 over 3 years, 0.10 over 1 year and -0.13 over 5 years.
Is TRUP a good diversifier for MEGL?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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-trup.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/megl-vs-trup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MEGL correlations · TRUP correlations
