CCI vs MTEX: Correlation
Measured on weekly returns over the past three years, Crown Castle (CCI) and Mannatech, Incorporated (MTEX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and MTEX?
Across a 3-year window, the weekly returns of CCI and MTEX correlate at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.19). Stretching to 5 years gives -0.14, with an annualized covariance of -361.0 %².
MTEX is close to the least connected end of CCI's tracked universe, ranking #29 of 30. The trailing year gives CCI the advantage: -21.5% versus -28.5%, a 7.0-point spread. Risk is not evenly split, since MTEX carries 2.3 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.
CCI vs MTEX: side by side
| CCI (Crown Castle) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | -21.5% | -28.5% |
| 5-year return | -50.4% | -79.1% |
| Volatility (ann.) | 28.4% | 65.8% |
| Beta vs S&P 500 | 0.22 | 0.48 |
| Max drawdown (3Y) | -33.0% | -74.9% |
| Market cap | $32.8B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 5.63% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CCI | MTEX |
|---|---|---|
| 2022 | -32.6% | -51.7% |
| 2023 | -10.2% | -53.5% |
| 2024 | -16.4% | +65.8% |
| 2025 | +3.0% | -38.6% |
| 2026 | -13.5% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and MTEX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCI and MTEX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.07 over the last year and -0.14 over 5 years.
Is MTEX a good diversifier for CCI?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/cci-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cci-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCI correlations · MTEX correlations
