LIN vs MTEX: Correlation
Linde plc (LIN) and Mannatech, Incorporated (MTEX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and MTEX?
Over the past 3 years, LIN and MTEX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.25). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -265.5 %².
Among the 36 assets we track against LIN, MTEX sits near the bottom by co-movement, at rank #34. The last year tells two different stories: LIN led by 30.4 percentage points, +1.9% for LIN against -28.5% for MTEX. Risk is not evenly split, since MTEX carries 4.0 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.
LIN vs MTEX: side by side
| LIN (Linde plc) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | +1.9% | -28.5% |
| 5-year return | +64.6% | -79.1% |
| Volatility (ann.) | 16.5% | 65.8% |
| Beta vs S&P 500 | 0.37 | 0.48 |
| Max drawdown (3Y) | -19.2% | -74.9% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LIN | MTEX |
|---|---|---|
| 2022 | -4.4% | -51.7% |
| 2023 | +27.7% | -53.5% |
| 2024 | +3.2% | +65.8% |
| 2025 | +3.2% | -38.6% |
| 2026 | +14.6% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and MTEX good diversifiers for each other?
Yes. With a correlation of -0.25, LIN and MTEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LIN and MTEX?
As of 2026-08-27, the correlation of weekly returns between LIN and MTEX is -0.25 over 3 years, -0.41 over 1 year and -0.11 over 5 years.
Is MTEX a good diversifier for LIN?
Yes. With a correlation of -0.25, LIN and MTEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/lin-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lin-vs-mtex/)
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Related comparisons
Hubs: LIN correlations · MTEX correlations
