MACIW vs NOTE

Comparison between Melar Acquisition Corp I - Warrants (01/06/2031) (MACIW, Company) and FiscalNote Holdings Inc - Class A (NOTE, Company).

MACIW vs NOTE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MACIW(COMPANY)	NOTE(COMPANY)
Market Cap	$2.42M	$2.46M
Max Drawdown	70.71%	99.90%
Sharpe Ratio	0.63	-2.53
5Y Beta	-0.05	N/A
Industry	N/A	Information Technology Services
P/E Ratio	N/A	-0.02
Debt to Equity	N/A	496.68%

Market Cap

MACIW

$2.42M

Winner

NOTE

$2.46M

Max Drawdown

Winner

MACIW

70.71%

NOTE

99.90%

Sharpe Ratio

Winner

MACIW

0.63

NOTE

-2.53

5Y Beta

MACIW

-0.05

NOTE

N/A

Industry

MACIW

N/A

NOTE

Information Technology Services

P/E Ratio

MACIW

N/A

NOTE

-0.02

Debt to Equity

MACIW

N/A

NOTE

496.68%

MACIW vs NOTE - Historical Returns

Returns include dividend reinvestment.

Period	MACIW	NOTE
1 month	+15.38%	-25.42%
3 months	+29.09%	-81.84%
6 months	+7.07%	-91.57%
1 year	-46.43%	-97.89%
5 years(CAGR)	N/A	-73.88%
Max(CAGR)	+17.40%	-70.33%

Winner

MACIW

+15.38%

NOTE

-25.42%

Winner

MACIW

+29.09%

NOTE

-81.84%

Winner

MACIW

+7.07%

NOTE

-91.57%

Winner

MACIW

-46.43%

NOTE

-97.89%

5Y(CAGR)

MACIW

N/A

NOTE

-73.88%

Max(CAGR)

Winner

MACIW

+17.40%

NOTE

-70.33%

MACIW vs NOTE - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	MACIW	NOTE
2026	+7.07%	-91.09%
2025	+21.83%	-88.22%
2024	+4.55%	+1.90%
2023	N/A	-81.76%
2022	N/A	-36.19%
2021	N/A	-0.70%
2020	N/A	+0.38%

MACIW vs NOTE Drawdown Comparison

The maximum drawdown for MACIW was -70.71%, occurring on Feb 13, 2026. This drawdown has not yet recovered.

The maximum drawdown for NOTE was -99.90%, occurring on Jun 18, 2026. This drawdown has not yet recovered.

The current MACIW drawdown is -60.23%. The current NOTE drawdown is -99.89%.

Rank	MACIW	NOTE
#1	-70.71% Jul 7, 2025 - Feb 13, 2026	-99.90% Feb 8, 2021 - Jun 18, 2026
#2	-52.94% Jan 21, 2025 - Jun 18, 2025	-2.14% Dec 7, 2020 - Dec 15, 2020
#3	-32.63% Sep 26, 2024 - Jan 17, 2025	-2.14% Jan 13, 2021 - Feb 3, 2021
#4	-30.77% Aug 12, 2024 - Sep 17, 2024	-2.10% Dec 15, 2020 - Jan 6, 2021
#5	-18.18% Jul 17, 2024 - Aug 12, 2024	N/A
#6	-15.71% Sep 17, 2024 - Sep 26, 2024	N/A
#7	-11.20% Jun 25, 2025 - Jun 27, 2025	N/A
#8	-6.67% Jun 27, 2025 - Jul 7, 2025	N/A

Correlation

Correlation between MACIW and NOTE is -0.35 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.35

-101