FUND vs MNTK: Correlation
How closely do Sprott Focus Trust, Inc. - Closed End Fund (FUND) and Montauk Renewables, Inc. (MNTK) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and MNTK?
Across a 3-year window, the weekly returns of FUND and MNTK correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.45 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 596.3 %².
By 3-year correlation, MNTK places #23 of the 32 assets tracked against FUND. The last year tells two different stories: FUND led by 56.9 percentage points, +39.1% for FUND against -17.8% for MNTK. Note the risk asymmetry: MNTK runs 4.1 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.
FUND vs MNTK: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | MNTK (Montauk Renewables, Inc.) | |
|---|---|---|
| 1-year return | +39.1% | -17.8% |
| 5-year return | +83.0% | -78.7% |
| Volatility (ann.) | 17.9% | 74.0% |
| Beta vs S&P 500 | 0.77 | 1.62 |
| Max drawdown (3Y) | -18.2% | -89.6% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 5.8 | 36.0 |
| Dividend yield | 5.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUND | MNTK |
|---|---|---|
| 2022 | -1.2% | +7.6% |
| 2023 | +6.9% | -19.2% |
| 2024 | -1.0% | -55.3% |
| 2025 | +27.5% | -58.0% |
| 2026 | +26.8% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and MNTK good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FUND and MNTK?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.30 over the last year and 0.34 over 5 years.
Is MNTK a good diversifier for FUND?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/fund-vs-mntk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fund-vs-mntk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUND correlations · MNTK correlations
