BHC vs MNST: Correlation
Bausch Health Companies Inc. (BHC) and Monster Beverage (MNST) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHC and MNST?
Across a 3-year window, the weekly returns of BHC and MNST correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.22 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -1011.1 %².
Out of 11 assets tracked against BHC, MNST lands near the bottom at #10. On 12-month performance BHC holds a 11.0-point edge, -13.3% against -24.3%.
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.
BHC vs MNST: side by side
| BHC (Bausch Health Companies Inc.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -13.3% | -24.3% |
| 5-year return | -78.4% | -4.5% |
| Volatility (ann.) | 67.6% | 68.6% |
| Beta vs S&P 500 | 0.94 | 0.80 |
| Max drawdown (3Y) | -59.3% | -54.5% |
| Market cap | $2.4B | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BHC | MNST |
|---|---|---|
| 2022 | -77.3% | +5.7% |
| 2023 | +27.7% | +13.5% |
| 2024 | +0.5% | -8.8% |
| 2025 | -13.8% | +45.9% |
| 2026 | -9.4% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHC and MNST 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 BHC and MNST?
The BHC/MNST correlation stands at -0.22 on a 3-year window (1 year: -0.49, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for BHC?
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/bhc-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhc-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHC correlations · MNST correlations
