MTEX vs NNN: Correlation
Mannatech, Incorporated (MTEX) and NNN REIT, Inc. (NNN) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEX and NNN?
Across a 3-year window, the weekly returns of MTEX and NNN correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -298.1 %².
Within MTEX's tracked universe of 34 assets, NNN comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NNN ahead by 41.6 points (-28.5% versus +13.1%). One caveat on sizing: MTEX is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MTEX vs NNN: side by side
| MTEX (Mannatech, Incorporated) | NNN (NNN REIT, Inc.) | |
|---|---|---|
| 1-year return | -28.5% | +13.1% |
| 5-year return | -79.1% | +25.1% |
| Volatility (ann.) | 65.8% | 18.8% |
| Beta vs S&P 500 | 0.48 | 0.31 |
| Max drawdown (3Y) | -74.9% | -22.0% |
| Market cap | – | $8.6B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.00% | 5.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEX | NNN |
|---|---|---|
| 2022 | -51.7% | -0.0% |
| 2023 | -53.5% | -0.6% |
| 2024 | +65.8% | -0.1% |
| 2025 | -38.6% | +2.8% |
| 2026 | -23.3% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEX and NNN good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MTEX and NNN?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.23 over the last year and -0.21 over 5 years.
Is NNN a good diversifier for MTEX?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mtex-vs-nnn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtex-vs-nnn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTEX correlations · NNN correlations
