AEE vs MTEX: Correlation
Ameren (AEE) and Mannatech, Incorporated (MTEX) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and MTEX?
Across a 3-year window, the weekly returns of AEE and MTEX correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -236.5 %².
By 3-year correlation, MTEX places #27 of the 35 assets tracked against AEE. Correlation aside, the last 12 months split them widely, with AEE ahead by 37.3 points (+8.8% versus -28.5%). Risk is not evenly split, since MTEX carries 3.7 times the volatility of the other side.
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.
AEE vs MTEX: side by side
| AEE (Ameren) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | +8.8% | -28.5% |
| 5-year return | +39.7% | -79.1% |
| Volatility (ann.) | 17.8% | 65.8% |
| Beta vs S&P 500 | 0.10 | 0.48 |
| Max drawdown (3Y) | -16.5% | -74.9% |
| Market cap | $29.6B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AEE | MTEX |
|---|---|---|
| 2022 | +2.5% | -51.7% |
| 2023 | -16.1% | -53.5% |
| 2024 | +27.5% | +65.8% |
| 2025 | +15.3% | -38.6% |
| 2026 | +8.4% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and MTEX good diversifiers for each other?
Yes. With a correlation of -0.20, AEE and MTEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEE and MTEX?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.24 over the last year and -0.14 over 5 years.
Is MTEX a good diversifier for AEE?
Yes. With a correlation of -0.20, AEE and MTEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aee-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aee-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEE correlations · MTEX correlations
