MKDW vs PAYS: Correlation
Measured on weekly returns over the past three years, MKDWELL Tech Inc. (MKDW) and Paysign, Inc. (PAYS) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKDW and PAYS?
Across a 3-year window, the weekly returns of MKDW and PAYS correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.43). Stretching to 5 years gives n/a, with an annualized covariance of 4516.0 %².
In MKDW's tracked universe of 16 assets, PAYS sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months PAYS outperformed by 66.1 percentage points (+83.1% for MKDW against +149.2% for PAYS). Risk is not evenly split, since MKDW carries 1.6 times the volatility of the other side.
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.
MKDW vs PAYS: side by side
| MKDW (MKDWELL Tech Inc.) | PAYS (Paysign, Inc.) | |
|---|---|---|
| 1-year return | +83.1% | +149.2% |
| 5-year return | n/a | +430.6% |
| Volatility (ann.) | 130.7% | 81.0% |
| Beta vs S&P 500 | 1.90 | 1.60 |
| Max drawdown (3Y) | -99.4% | -64.6% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 50.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKDW | PAYS |
|---|---|---|
| 2022 | – | +61.2% |
| 2023 | – | +8.5% |
| 2024 | -91.3% | +7.9% |
| 2025 | -82.6% | +70.5% |
| 2026 | +138.0% | +155.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKDW and PAYS good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MKDW and PAYS?
As of 2026-08-27, the correlation of weekly returns between MKDW and PAYS is 0.43 over 3 years, 0.72 over 1 year and n/a over 5 years.
Is PAYS a good diversifier for MKDW?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/mkdw-vs-pays.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mkdw-vs-pays/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKDW correlations · PAYS correlations
