MLEC vs PAYX: Correlation
Measured on weekly returns over the past three years, Moolec Science SA (MLEC) and Paychex (PAYX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLEC and PAYX?
Over the past 3 years, MLEC and PAYX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -422.0 %².
Among the 24 assets we track against MLEC, PAYX ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PAYX outperformed by 59.5 percentage points (-64.3% for MLEC against -4.8% for PAYX). Risk is not evenly split, since MLEC carries 4.9 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.
MLEC vs PAYX: side by side
| MLEC (Moolec Science SA) | PAYX (Paychex) | |
|---|---|---|
| 1-year return | -64.3% | -4.8% |
| 5-year return | -99.5% | +29.0% |
| Volatility (ann.) | 104.4% | 21.3% |
| Beta vs S&P 500 | -0.21 | 0.47 |
| Max drawdown (3Y) | -99.3% | -45.0% |
| Market cap | – | $45.0B |
| P/E (trailing) | – | 25.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MLEC | PAYX |
|---|---|---|
| 2022 | +22.7% | -13.2% |
| 2023 | -79.7% | +6.2% |
| 2024 | -67.5% | +21.3% |
| 2025 | -96.8% | -17.5% |
| 2026 | +78.0% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLEC and PAYX good diversifiers for each other?
Yes. With a correlation of -0.19, MLEC and PAYX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MLEC and PAYX?
The MLEC/PAYX correlation stands at -0.19 on a 3-year window (1 year: -0.25, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is PAYX a good diversifier for MLEC?
Yes. With a correlation of -0.19, MLEC and PAYX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
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Related comparisons
Hubs: MLEC correlations · PAYX correlations
