MRNO vs WFCF: Correlation
How closely do Murano Global Investments PLC (MRNO) and Where Food Comes From, Inc. (WFCF) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRNO and WFCF?
Across a 3-year window, the weekly returns of MRNO and WFCF correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.29). Stretching to 5 years gives -0.26, with an annualized covariance of -2840.9 %².
WFCF is close to the least connected end of MRNO's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with WFCF ahead by 106.8 points (-96.4% versus +10.4%). One caveat on sizing: MRNO is 3.0 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.
MRNO vs WFCF: side by side
| MRNO (Murano Global Investments PLC) | WFCF (Where Food Comes From, Inc.) | |
|---|---|---|
| 1-year return | -96.4% | +10.4% |
| 5-year return | -97.9% | +0.4% |
| Volatility (ann.) | 170.9% | 57.1% |
| Beta vs S&P 500 | 1.65 | 0.27 |
| Max drawdown (3Y) | -99.1% | -49.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 45.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRNO | WFCF |
|---|---|---|
| 2022 | – | -3.7% |
| 2023 | +9.0% | -3.0% |
| 2024 | -8.4% | -2.3% |
| 2025 | -94.4% | -13.2% |
| 2026 | -63.2% | +15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRNO and WFCF good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MRNO and WFCF?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.39 over the last year and -0.26 over 5 years.
Is WFCF a good diversifier for MRNO?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrno-vs-wfcf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mrno-vs-wfcf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRNO correlations · WFCF correlations
