MO vs MTEX: Correlation
Altria (MO) and Mannatech, Incorporated (MTEX) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and MTEX?
Over the past 3 years, MO and MTEX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.55) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -378.6 %².
MTEX is close to the least connected end of MO's tracked universe, ranking #46 of 49. The last year tells two different stories: MO led by 37.3 percentage points, +8.8% for MO against -28.5% for MTEX. Note the risk asymmetry: MTEX runs 3.0 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.
MO vs MTEX: side by side
| MO (Altria) | MTEX (Mannatech, Incorporated) | |
|---|---|---|
| 1-year return | +8.8% | -28.5% |
| 5-year return | +100.4% | -79.1% |
| Volatility (ann.) | 21.8% | 65.8% |
| Beta vs S&P 500 | -0.07 | 0.48 |
| Max drawdown (3Y) | -16.4% | -74.9% |
| Market cap | $113.0B | – |
| P/E (trailing) | 14.6 | – |
| Dividend yield | 6.13% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MO | MTEX |
|---|---|---|
| 2022 | +4.4% | -51.7% |
| 2023 | -3.7% | -53.5% |
| 2024 | +40.8% | +65.8% |
| 2025 | +18.2% | -38.6% |
| 2026 | +21.1% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and MTEX good diversifiers for each other?
Yes. With a correlation of -0.26, MO and MTEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MO and MTEX?
The MO/MTEX correlation stands at -0.26 on a 3-year window (1 year: -0.55, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is MTEX a good diversifier for MO?
Yes. With a correlation of -0.26, MO and MTEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/mo-vs-mtex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mo-vs-mtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MO correlations · MTEX correlations
