BJ vs MTEK: Correlation
BJ's Wholesale Club Holdings, Inc. (BJ) and Maris-Tech Ltd. (MTEK) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and MTEK?
On 3 years of weekly data the BJ/MTEK correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -512.7 %².
Among the 43 assets we track against BJ, MTEK ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BJ outperformed by 51.8 percentage points (-6.9% for BJ against -58.7% for MTEK). Risk is not evenly split, since MTEK carries 3.3 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.
BJ vs MTEK: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | MTEK (Maris-Tech Ltd.) | |
|---|---|---|
| 1-year return | -6.9% | -58.7% |
| 5-year return | +59.5% | -65.4% |
| Volatility (ann.) | 26.4% | 86.5% |
| Beta vs S&P 500 | -0.14 | 1.15 |
| Max drawdown (3Y) | -30.1% | -83.2% |
| Market cap | $11.4B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJ | MTEK |
|---|---|---|
| 2022 | -1.2% | – |
| 2023 | +0.8% | +25.3% |
| 2024 | +34.0% | +384.6% |
| 2025 | +0.8% | -77.0% |
| 2026 | +0.5% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and MTEK good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BJ and MTEK?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.32 over the last year and -0.10 over 5 years.
Is MTEK a good diversifier for BJ?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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
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Related comparisons
Hubs: BJ correlations · MTEK correlations
