MTEX vs RMCF: Correlation
How closely do Mannatech, Incorporated (MTEX) and Rocky Mountain Chocolate Factory, Inc. (RMCF) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEX and RMCF?
Over the past 3 years, MTEX and RMCF moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1419.7 %².
Among the 34 assets we track against MTEX, RMCF ranks #4 by 3-year correlation. The trailing year gives RMCF the advantage: -28.5% versus -19.9%, a 8.6-point spread.
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 RMCF: side by side
| MTEX (Mannatech, Incorporated) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | -28.5% | -19.9% |
| 5-year return | -79.1% | -84.3% |
| Volatility (ann.) | 65.8% | 68.5% |
| Beta vs S&P 500 | 0.48 | 0.77 |
| Max drawdown (3Y) | -74.9% | -87.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEX | RMCF |
|---|---|---|
| 2022 | -51.7% | -27.4% |
| 2023 | -53.5% | -19.3% |
| 2024 | +65.8% | -47.2% |
| 2025 | -38.6% | -21.8% |
| 2026 | -23.3% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEX and RMCF good diversifiers for each other?
Reasonably. At 0.32, MTEX and RMCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTEX and RMCF?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.41 over the last year and 0.26 over 5 years.
Is RMCF a good diversifier for MTEX?
Reasonably. At 0.32, MTEX and RMCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: MTEX correlations · RMCF correlations
