MLEC vs XYZ: Correlation
How closely do Moolec Science SA (MLEC) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLEC and XYZ?
Over the past 3 years, MLEC and XYZ moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.11 over 1 year against -0.17 over 3. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -874.6 %².
Within MLEC's tracked universe of 24 assets, XYZ comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XYZ ahead by 71.2 points (-64.3% versus +6.9%). One caveat on sizing: MLEC is 2.1 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.
MLEC vs XYZ: side by side
| MLEC (Moolec Science SA) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | -64.3% | +6.9% |
| 5-year return | -99.5% | -68.8% |
| Volatility (ann.) | 104.4% | 50.2% |
| Beta vs S&P 500 | -0.21 | 1.80 |
| Max drawdown (3Y) | -99.3% | -53.0% |
| Market cap | – | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | MLEC | XYZ |
|---|---|---|
| 2022 | +22.7% | -61.1% |
| 2023 | -79.7% | +23.1% |
| 2024 | -67.5% | +9.9% |
| 2025 | -96.8% | -23.4% |
| 2026 | +78.0% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLEC and XYZ 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 MLEC and XYZ?
The MLEC/XYZ correlation stands at -0.17 on a 3-year window (1 year: -0.11, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is XYZ a good diversifier for MLEC?
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?
On the −1 to +1 scale, -0.17 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/mlec-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mlec-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MLEC correlations · XYZ correlations
