CNP vs MTEX: Correlation
Measured on weekly returns over the past three years, CenterPoint Energy (CNP) 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 CNP and MTEX?
Over the past 3 years, CNP and MTEX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -219.3 %².
Among the 28 assets we track against CNP, MTEX ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CNP outperformed by 35.0 percentage points (+6.5% for CNP against -28.5% for MTEX). Note the risk asymmetry: MTEX runs 3.8 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.
CNP vs MTEX: side by side
| CNP (CenterPoint Energy) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | +6.5% | -28.5% |
| 5-year return | +75.6% | -79.1% |
| Volatility (ann.) | 17.2% | 65.8% |
| Beta vs S&P 500 | 0.12 | 0.48 |
| Max drawdown (3Y) | -18.1% | -74.9% |
| Market cap | $25.9B | – |
| P/E (trailing) | 23.5 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | CNP | MTEX |
|---|---|---|
| 2022 | +10.0% | -51.7% |
| 2023 | -2.1% | -53.5% |
| 2024 | +14.3% | +65.8% |
| 2025 | +23.7% | -38.6% |
| 2026 | +4.2% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP 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 CNP and MTEX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.25 over the last year and -0.14 over 5 years.
Is MTEX a good diversifier for CNP?
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/cnp-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnp-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNP correlations · MTEX correlations
