MNTS vs TANH: Correlation
Measured on weekly returns over the past three years, Momentus Inc. (MNTS) and Tantech Holdings Ltd. - Class A (TANH) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNTS and TANH?
Over the past 3 years, MNTS and TANH moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.33). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 7040.9 %².
By 3-year correlation, TANH places #9 of the 15 assets tracked against MNTS. Neither side won the trailing year by much: -83.3% against -81.0%. Note the risk asymmetry: MNTS runs 2.0 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.
MNTS vs TANH: side by side
| MNTS (Momentus Inc.) | TANH (Tantech Holdings Ltd. - Class A) | |
|---|---|---|
| 1-year return | -83.3% | -81.0% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 205.9% | 104.0% |
| Beta vs S&P 500 | 3.44 | 1.09 |
| Max drawdown (3Y) | -99.9% | -99.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNTS | TANH |
|---|---|---|
| 2022 | -81.3% | -98.1% |
| 2023 | -95.6% | -44.7% |
| 2024 | -67.3% | -82.3% |
| 2025 | -96.6% | -88.2% |
| 2026 | -12.3% | -62.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNTS and TANH good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MNTS and TANH?
As of 2026-08-27, the correlation of weekly returns between MNTS and TANH is 0.33 over 3 years, 0.11 over 1 year and 0.23 over 5 years.
Is TANH a good diversifier for MNTS?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/mnts-vs-tanh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mnts-vs-tanh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNTS correlations · TANH correlations
