AMT vs MTEX: Correlation
Measured on weekly returns over the past three years, American Tower (AMT) and Mannatech, Incorporated (MTEX) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and MTEX?
Across a 3-year window, the weekly returns of AMT and MTEX correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.17). Stretching to 5 years gives -0.14, with an annualized covariance of -309.8 %².
By 3-year correlation, MTEX places #24 of the 30 assets tracked against AMT. Correlation aside, the last 12 months split them widely, with AMT ahead by 17.5 points (-11.0% versus -28.5%). Note the risk asymmetry: MTEX runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMT vs MTEX: side by side
| AMT (American Tower) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | -11.0% | -28.5% |
| 5-year return | -30.2% | -79.1% |
| Volatility (ann.) | 27.1% | 65.8% |
| Beta vs S&P 500 | 0.18 | 0.48 |
| Max drawdown (3Y) | -28.4% | -74.9% |
| Market cap | $81.2B | – |
| P/E (trailing) | 24.2 | – |
| Dividend yield | 3.97% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | MTEX |
|---|---|---|
| 2022 | -25.7% | -51.7% |
| 2023 | +5.4% | -53.5% |
| 2024 | -12.2% | +65.8% |
| 2025 | -0.9% | -38.6% |
| 2026 | +1.1% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and MTEX good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMT and MTEX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.02 over the last year and -0.14 over 5 years.
Is MTEX a good diversifier for AMT?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amt-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amt-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMT correlations · MTEX correlations
