DTE vs MTEX: Correlation
How closely do DTE Energy (DTE) and Mannatech, Incorporated (MTEX) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and MTEX?
Across a 3-year window, the weekly returns of DTE and MTEX correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -269.0 %².
Among the 44 assets we track against DTE, MTEX sits near the bottom by co-movement, at rank #41. Correlation aside, the last 12 months split them widely, with DTE ahead by 30.2 points (+1.7% versus -28.5%). Risk is not evenly split, since MTEX carries 3.8 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.
DTE vs MTEX: side by side
| DTE (DTE Energy) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | +1.7% | -28.5% |
| 5-year return | +33.3% | -79.1% |
| Volatility (ann.) | 17.1% | 65.8% |
| Beta vs S&P 500 | 0.07 | 0.48 |
| Max drawdown (3Y) | -12.4% | -74.9% |
| Market cap | $28.3B | – |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.39% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | DTE | MTEX |
|---|---|---|
| 2022 | +1.2% | -51.7% |
| 2023 | -2.8% | -53.5% |
| 2024 | +13.5% | +65.8% |
| 2025 | +10.4% | -38.6% |
| 2026 | +7.3% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and MTEX good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DTE and MTEX?
The DTE/MTEX correlation stands at -0.24 on a 3-year window (1 year: -0.27, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is MTEX a good diversifier for DTE?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dte-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dte-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DTE correlations · MTEX correlations
