MTEX vs RSG: Correlation
Measured on weekly returns over the past three years, Mannatech, Incorporated (MTEX) and Republic Services (RSG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEX and RSG?
Over the past 3 years, MTEX and RSG moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.22). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -233.0 %².
Within MTEX's tracked universe of 34 assets, RSG comes in at #19 by 3-year correlation. The last year tells two different stories: RSG led by 22.9 percentage points, -28.5% for MTEX against -5.6% for RSG. Note the risk asymmetry: MTEX runs 4.1 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 RSG: side by side
| MTEX (Mannatech, Incorporated) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -28.5% | -5.6% |
| 5-year return | -79.1% | +87.9% |
| Volatility (ann.) | 65.8% | 16.2% |
| Beta vs S&P 500 | 0.48 | 0.17 |
| Max drawdown (3Y) | -74.9% | -22.5% |
| Market cap | – | $67.1B |
| P/E (trailing) | – | 31.0 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MTEX | RSG |
|---|---|---|
| 2022 | -51.7% | -6.2% |
| 2023 | -53.5% | +29.6% |
| 2024 | +65.8% | +23.0% |
| 2025 | -38.6% | +6.4% |
| 2026 | -23.3% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEX and RSG good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MTEX and RSG?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.38 over the last year and -0.11 over 5 years.
Is RSG a good diversifier for MTEX?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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-rsg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtex-vs-rsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MTEX correlations · RSG correlations
