MKZR vs POWW: Correlation
Measured on weekly returns over the past three years, MacKenzie Realty Capital, Inc. (MKZR) and Outdoor Holding Company (POWW) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKZR and POWW?
Over the past 3 years, MKZR and POWW moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -817.6 %².
By 3-year correlation, POWW places #9 of the 23 assets tracked against MKZR. The last year tells two different stories: POWW led by 121.7 percentage points, -75.7% for MKZR against +46.0% for POWW. One caveat on sizing: MKZR is 1.7 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.
MKZR vs POWW: side by side
| MKZR (MacKenzie Realty Capital, Inc.) | POWW (Outdoor Holding Company) | |
|---|---|---|
| 1-year return | -75.7% | +46.0% |
| 5-year return | n/a | -70.6% |
| Volatility (ann.) | 91.6% | 54.9% |
| Beta vs S&P 500 | 0.74 | 0.93 |
| Max drawdown (3Y) | -97.8% | -67.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 109.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKZR | POWW |
|---|---|---|
| 2022 | – | -68.3% |
| 2023 | – | +21.4% |
| 2024 | – | -47.6% |
| 2025 | -86.7% | +55.5% |
| 2026 | -63.1% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKZR and POWW good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MKZR and POWW?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.01 over the last year and n/a over 5 years.
Is POWW a good diversifier for MKZR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mkzr-vs-poww.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mkzr-vs-poww/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKZR correlations · POWW correlations
