MTEK vs OPTX: Correlation
How closely do Maris-Tech Ltd. (MTEK) and Syntec Optics Holdings, Inc. (OPTX) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEK and OPTX?
Over the past 3 years, MTEK and OPTX moved with a correlation of 0.45, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.45). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 7491.9 %².
OPTX is one of the assets that tracks MTEK most closely: it ranks #3 out of the 12 assets we track against MTEK. The last year tells two different stories: OPTX led by 507.8 percentage points, -58.7% for MTEK against +449.1% for OPTX. Note the risk asymmetry: OPTX runs 2.2 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.
MTEK vs OPTX: side by side
| MTEK (Maris-Tech Ltd.) | OPTX (Syntec Optics Holdings, Inc.) | |
|---|---|---|
| 1-year return | -58.7% | +449.1% |
| 5-year return | -65.4% | -11.3% |
| Volatility (ann.) | 86.5% | 192.0% |
| Beta vs S&P 500 | 1.15 | 1.00 |
| Max drawdown (3Y) | -83.2% | -93.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEK | OPTX |
|---|---|---|
| 2023 | +25.3% | -49.7% |
| 2024 | +384.6% | -49.9% |
| 2025 | -77.0% | +13.5% |
| 2026 | -6.0% | +205.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEK and OPTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTEK and OPTX?
The MTEK/OPTX correlation stands at 0.45 on a 3-year window (1 year: 0.25, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is OPTX a good diversifier for MTEK?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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/mtek-vs-optx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtek-vs-optx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTEK correlations · OPTX correlations
