Here we consider the influence on the electron spin in the magnetohydrodynamic (MHD) regime. Recently developed models that include spin–velocity correlations are taken as the starting point. A theoretical argument is presented, suggesting that in the MHD regime a single-fluid electron model with spin correlations is equivalent to a model with spin-up and spin-down electrons constituting different fluids, but where the spin–velocity correlations are omitted. Three-wave interaction of two shear Alfvén waves and a compressional Alfvén wave is then taken as a model problem to evaluate the asserted equivalence. The theoretical argument turns out to be supported, because the predictions of the two models agree completely. Furthermore, the three-wave coupling coefficients obey the Manley–Rowe relations, which further support the soundness of the models and the validity of the assumptions made in the derivation. Finally, we point out that the proposed two-fluid model can be incorporated in standard particle-in-cell schemes with only minor modifications.