CINF vs MTEX: Correlation
Measured on weekly returns over the past three years, Cincinnati Financial (CINF) and Mannatech, Incorporated (MTEX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and MTEX?
Over the past 3 years, CINF and MTEX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.21). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -298.5 %².
Among the 49 assets we track against CINF, MTEX ranks #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CINF outperformed by 43.0 percentage points (+14.5% for CINF against -28.5% for MTEX). Risk is not evenly split, since MTEX carries 3.0 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.
CINF vs MTEX: side by side
| CINF (Cincinnati Financial) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | +14.5% | -28.5% |
| 5-year return | +58.8% | -79.1% |
| Volatility (ann.) | 21.6% | 65.8% |
| Beta vs S&P 500 | 0.36 | 0.48 |
| Max drawdown (3Y) | -20.0% | -74.9% |
| Market cap | $26.5B | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | MTEX |
|---|---|---|
| 2022 | -7.9% | -51.7% |
| 2023 | +4.0% | -53.5% |
| 2024 | +42.5% | +65.8% |
| 2025 | +16.3% | -38.6% |
| 2026 | +6.8% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and MTEX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CINF and MTEX?
As of 2026-08-27, the correlation of weekly returns between CINF and MTEX is -0.21 over 3 years, -0.35 over 1 year and -0.11 over 5 years.
Is MTEX a good diversifier for CINF?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/cinf-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cinf-vs-mtex/)
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Related comparisons
Hubs: CINF correlations · MTEX correlations
