MLEC vs TECH: Correlation
How closely do Moolec Science SA (MLEC) and Bio-Techne (TECH) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLEC and TECH?
Over the past 3 years, MLEC and TECH moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.16 over 3. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -691.9 %².
Within MLEC's tracked universe of 24 assets, TECH comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TECH outperformed by 93.9 percentage points (-64.3% for MLEC against +29.6% for TECH). Risk is not evenly split, since MLEC carries 2.5 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.
MLEC vs TECH: side by side
| MLEC (Moolec Science SA) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | -64.3% | +29.6% |
| 5-year return | -99.5% | -41.4% |
| Volatility (ann.) | 104.4% | 41.9% |
| Beta vs S&P 500 | -0.21 | 0.90 |
| Max drawdown (3Y) | -99.3% | -48.1% |
| Market cap | – | $11.4B |
| P/E (trailing) | – | 62.5 |
| Dividend yield | 0.00% | 0.44% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MLEC | TECH |
|---|---|---|
| 2022 | +22.7% | -35.7% |
| 2023 | -79.7% | -6.5% |
| 2024 | -67.5% | -6.2% |
| 2025 | -96.8% | -17.9% |
| 2026 | +78.0% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLEC and TECH good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MLEC and TECH?
The MLEC/TECH correlation stands at -0.16 on a 3-year window (1 year: -0.20, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is TECH a good diversifier for MLEC?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mlec-vs-tech.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mlec-vs-tech/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MLEC correlations · TECH correlations
