BYND vs MNST: Correlation
How closely do Beyond Meat, Inc. (BYND) and Monster Beverage (MNST) trade together? Their weekly returns over three years give a correlation of -0.60, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYND and MNST?
Across a 3-year window, the weekly returns of BYND and MNST correlate at -0.60, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.64 over 1 year against -0.60 over 3. Stretching to 5 years gives -0.57, with an annualized covariance of -89867.9 %².
Out of 10 assets tracked against BYND, MNST lands near the bottom at #10. The last year tells two different stories: BYND led by 464.8 percentage points, +440.5% for BYND against -24.3% for MNST. Risk is not evenly split, since BYND carries 32.0 times the volatility of the other side.
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.
BYND vs MNST: side by side
| BYND (Beyond Meat, Inc.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +440.5% | -24.3% |
| 5-year return | -88.4% | -4.5% |
| Volatility (ann.) | 2192.0% | 68.6% |
| Beta vs S&P 500 | 5.06 | 0.80 |
| Max drawdown (3Y) | -97.2% | -54.5% |
| Market cap | $0.2B | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BYND | MNST |
|---|---|---|
| 2022 | -81.1% | +5.7% |
| 2023 | -27.7% | +13.5% |
| 2024 | -57.8% | -8.8% |
| 2025 | -78.2% | +45.9% |
| 2026 | +1607.3% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYND and MNST good diversifiers for each other?
Yes. With a correlation of -0.60, BYND and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BYND and MNST?
Using weekly returns as of 2026-08-27: -0.60 over 3 years, with -0.64 over the last year and -0.57 over 5 years.
Is MNST a good diversifier for BYND?
Yes. With a correlation of -0.60, BYND and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.60 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/bynd-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bynd-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BYND correlations · MNST correlations
