CXW vs. MAC
CXW (CoreCivic, Inc.) and MAC (Macerich Company) are both stocks. Both are in the Real Estate sector — CXW in REIT - Specialty, MAC in REIT - Retail. Over the past 10 years, CXW returned -1.08%/yr vs -6.86%/yr for MAC. At a 0.31 correlation, their price movements are largely independent.
Performance
CXW vs. MAC - Performance Comparison
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Returns By Period
In the year-to-date period, CXW achieves a 13.61% return, which is significantly lower than MAC's 21.91% return. Over the past 10 years, CXW has outperformed MAC with an annualized return of -1.08%, while MAC has yielded a comparatively lower -6.86% annualized return.
CXW
- 1D
- 1.69%
- 1M
- 7.74%
- YTD
- 13.61%
- 6M
- 16.72%
- 1Y
- -1.09%
- 3Y*
- 34.56%
- 5Y*
- 19.18%
- 10Y*
- -1.08%
MAC
- 1D
- 0.27%
- 1M
- 3.72%
- YTD
- 21.91%
- 6M
- 30.22%
- 1Y
- 44.89%
- 3Y*
- 35.21%
- 5Y*
- 10.15%
- 10Y*
- -6.86%
CXW vs. MAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CXW CoreCivic, Inc. | 13.61% | -12.10% | 49.62% | 25.69% | 15.95% | 52.21% | -59.85% | 4.44% | -13.99% | -1.98% |
MAC Macerich Company | 21.91% | -3.72% | 34.48% | 45.69% | -31.57% | 68.49% | -56.69% | -32.18% | -30.56% | -2.81% |
Correlation
The correlation between CXW and MAC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 1997 | 0.31 |
The correlation between CXW and MAC shifts across timeframes, from 0.21 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CXW:
$1.60
MAC:
-$0.72
CXW:
0.75
MAC:
5.65
CXW:
$2.34B
MAC:
$1.01B
CXW:
$404.76M
MAC:
$483.14M
CXW:
$309.65M
MAC:
$669.55M
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Return for Risk
CXW vs. MAC — Risk / Return Rank
CXW
MAC
CXW vs. MAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreCivic, Inc. (CXW) and Macerich Company (MAC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CXW | MAC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 1.50 | -1.53 |
Sortino ratioReturn per unit of downside risk | 0.22 | 2.07 | -1.86 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.25 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.52 | -3.56 |
Martin ratioReturn relative to average drawdown | -0.08 | 9.20 | -9.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CXW | MAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 1.50 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.25 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | -0.14 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.16 | -0.15 |
Drawdowns
CXW vs. MAC - Drawdown Comparison
The maximum CXW drawdown since its inception was -98.54%, which is greater than MAC's maximum drawdown of -93.29%. Use the drawdown chart below to compare losses from any high point for CXW and MAC.
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Drawdown Indicators
| CXW | MAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.54% | -93.29% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -28.41% | -12.80% | -15.61% |
Max Drawdown (3Y)Largest decline over 3 years | -32.62% | -39.56% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -39.68% | -63.71% | +24.03% |
Max Drawdown (10Y)Largest decline over 10 years | -77.93% | -92.91% | +14.98% |
Current DrawdownCurrent decline from peak | -26.03% | -57.74% | +31.71% |
Average DrawdownAverage peak-to-trough decline | -56.73% | -29.55% | -27.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.06% | 4.89% | +9.17% |
Volatility
CXW vs. MAC - Volatility Comparison
CoreCivic, Inc. (CXW) has a higher volatility of 15.37% compared to Macerich Company (MAC) at 8.53%. This indicates that CXW's price experiences larger fluctuations and is considered to be riskier than MAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXW | MAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 8.53% | +6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 20.73% | +7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.74% | 30.09% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.05% | 41.13% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.20% | 48.73% | +0.47% |
Dividends
CXW vs. MAC - Dividend Comparison
CXW has not paid dividends to shareholders, while MAC's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXW CoreCivic, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 13.44% | 7.59% | 9.65% | 7.47% | 8.34% | 8.15% |
MAC Macerich Company | 2.29% | 3.68% | 3.41% | 4.41% | 5.51% | 3.47% | 10.78% | 11.14% | 6.86% | 4.37% | 3.88% | 5.74% |
Financials
CXW vs. MAC - Financials Comparison
This section allows you to compare key financial metrics between CoreCivic, Inc. and Macerich Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CXW vs. MAC - Profitability Comparison
CXW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CoreCivic, Inc. reported a gross profit of 0.00 and revenue of 614.73M. Therefore, the gross margin over that period was 0.0%.
MAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Macerich Company reported a gross profit of 227.73M and revenue of 241.54M. Therefore, the gross margin over that period was 94.3%.
CXW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CoreCivic, Inc. reported an operating income of 0.00 and revenue of 614.73M, resulting in an operating margin of 0.0%.
MAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Macerich Company reported an operating income of 158.29M and revenue of 241.54M, resulting in an operating margin of 65.5%.
CXW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CoreCivic, Inc. reported a net income of 37.92M and revenue of 614.73M, resulting in a net margin of 6.2%.
MAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Macerich Company reported a net income of -36.35M and revenue of 241.54M, resulting in a net margin of -15.1%.
Frequently Asked Questions
CXW and MAC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXW has higher volatility (15.37%) compared to MAC (8.53%). In terms of maximum drawdown, CXW dropped -98.54% vs MAC's -93.29%.
MAC currently has the higher Sharpe Ratio (1.50 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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