NOTE vs MACIW

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

NOTE vs MACIW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

Winner

NOTE

$2.46M

MACIW

$2.42M

Max Drawdown

NOTE

99.90%

Winner

MACIW

70.71%

Sharpe Ratio

NOTE

-2.53

Winner

MACIW

0.63

5Y Beta

NOTE

N/A

MACIW

-0.05

Industry

NOTE

Information Technology Services

MACIW

N/A

P/E Ratio

NOTE

-0.02

MACIW

N/A

Debt to Equity

NOTE

496.68%

MACIW

N/A

NOTE vs MACIW - Historical Returns

Returns include dividend reinvestment.

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

NOTE

-25.42%

Winner

MACIW

+15.38%

NOTE

-81.84%

Winner

MACIW

+29.09%

NOTE

-91.57%

Winner

MACIW

+7.07%

NOTE

-97.89%

Winner

MACIW

-46.43%

5Y(CAGR)

NOTE

-73.88%

MACIW

N/A

Max(CAGR)

NOTE

-70.33%

Winner

MACIW

+17.40%

NOTE vs MACIW - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

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

NOTE vs MACIW Drawdown Comparison

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

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

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

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

Correlation

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

-0.35

-101