LNT vs MTEX: Correlation
How closely do Alliant Energy (LNT) and Mannatech, Incorporated (MTEX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and MTEX?
Over the past 3 years, LNT and MTEX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -306.0 %².
MTEX is close to the least connected end of LNT's tracked universe, ranking #42 of 43. Their recent paths diverged sharply: over the last 12 months LNT outperformed by 35.4 percentage points (+6.9% for LNT 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.
LNT vs MTEX: side by side
| LNT (Alliant Energy) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | +6.9% | -28.5% |
| 5-year return | +31.9% | -79.1% |
| Volatility (ann.) | 17.5% | 65.8% |
| Beta vs S&P 500 | 0.09 | 0.48 |
| Max drawdown (3Y) | -12.4% | -74.9% |
| Market cap | $17.7B | – |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | LNT | MTEX |
|---|---|---|
| 2022 | -7.4% | -51.7% |
| 2023 | -3.8% | -53.5% |
| 2024 | +19.5% | +65.8% |
| 2025 | +13.5% | -38.6% |
| 2026 | +7.4% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and MTEX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between LNT and MTEX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.22 over the last year and -0.16 over 5 years.
Is MTEX a good diversifier for LNT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/lnt-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnt-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LNT correlations · MTEX correlations
