CLRO vs MNST: Correlation
How closely do ClearOne, Inc. (CLRO) and Monster Beverage (MNST) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and MNST?
Across a 3-year window, the weekly returns of CLRO and MNST correlate at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.52 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 5855.3 %².
MNST is one of the assets that tracks CLRO most closely: it ranks #1 out of the 13 assets we track against CLRO. Correlation aside, the last 12 months split them widely, with CLRO ahead by 75.4 points (+51.1% versus -24.3%). Risk is not evenly split, since CLRO carries 2.4 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.
CLRO vs MNST: side by side
| CLRO (ClearOne, Inc.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +51.1% | -24.3% |
| 5-year return | -59.8% | -4.5% |
| Volatility (ann.) | 165.8% | 68.6% |
| Beta vs S&P 500 | 2.00 | 0.80 |
| Max drawdown (3Y) | -87.2% | -54.5% |
| Market cap | – | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CLRO | MNST |
|---|---|---|
| 2022 | +17.8% | +5.7% |
| 2023 | +26.6% | +13.5% |
| 2024 | +5.4% | -8.8% |
| 2025 | -56.5% | +45.9% |
| 2026 | +17.3% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and MNST good diversifiers for each other?
Only partially. A correlation of 0.52 means CLRO and MNST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CLRO and MNST?
As of 2026-08-27, the correlation of weekly returns between CLRO and MNST is 0.52 over 3 years, 0.71 over 1 year and 0.45 over 5 years.
Is MNST a good diversifier for CLRO?
Only partially. A correlation of 0.52 means CLRO and MNST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/clro-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clro-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLRO correlations · MNST correlations
