MTEX vs NXTS: Correlation
Mannatech, Incorporated (MTEX) and Nexentis Technologies Inc. (NXTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEX and NXTS?
Across a 3-year window, the weekly returns of MTEX and NXTS correlate at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.33 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 12245.3 %².
NXTS is one of the assets that tracks MTEX most closely: it ranks #2 out of the 34 assets we track against MTEX. Their recent paths diverged sharply: over the last 12 months MTEX outperformed by 67.8 percentage points (-28.5% for MTEX against -96.3% for NXTS). Note the risk asymmetry: NXTS runs 8.6 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.
MTEX vs NXTS: side by side
| MTEX (Mannatech, Incorporated) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | -28.5% | -96.3% |
| 5-year return | -79.1% | -100.0% |
| Volatility (ann.) | 65.8% | 565.9% |
| Beta vs S&P 500 | 0.48 | 0.14 |
| Max drawdown (3Y) | -74.9% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEX | NXTS |
|---|---|---|
| 2022 | -51.7% | -81.2% |
| 2023 | -53.5% | -62.2% |
| 2024 | +65.8% | -87.6% |
| 2025 | -38.6% | -80.6% |
| 2026 | -23.3% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEX and NXTS good diversifiers for each other?
Reasonably. At 0.33, MTEX and NXTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTEX and NXTS?
As of 2026-08-27, the correlation of weekly returns between MTEX and NXTS is 0.33 over 3 years, 0.20 over 1 year and 0.26 over 5 years.
Is NXTS a good diversifier for MTEX?
Reasonably. At 0.33, MTEX and NXTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/mtex-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtex-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTEX correlations · NXTS correlations
