BRNX vs MTEX: Correlation
BrenX Ltd. (BRNX) and Mannatech, Incorporated (MTEX) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and MTEX?
Across a 3-year window, the weekly returns of BRNX and MTEX correlate at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 11527.4 %².
Within BRNX's tracked universe of 26 assets, MTEX comes in at #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MTEX ahead by 66.4 points (-94.9% versus -28.5%). One caveat on sizing: BRNX is 8.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BRNX vs MTEX: side by side
| BRNX (BrenX Ltd.) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | -94.9% | -28.5% |
| 5-year return | -99.9% | -79.1% |
| Volatility (ann.) | 539.2% | 65.8% |
| Beta vs S&P 500 | 1.25 | 0.48 |
| Max drawdown (3Y) | -100.0% | -74.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | MTEX |
|---|---|---|
| 2022 | – | -51.7% |
| 2023 | -57.4% | -53.5% |
| 2024 | -77.8% | +65.8% |
| 2025 | -92.4% | -38.6% |
| 2026 | -77.6% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and MTEX good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BRNX and MTEX?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.42 over the last year and 0.27 over 5 years.
Is MTEX a good diversifier for BRNX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/brnx-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brnx-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRNX correlations · MTEX correlations
