CLX vs MNST: Correlation
Clorox (CLX) and Monster Beverage (MNST) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLX and MNST?
On 3 years of weekly data the CLX/MNST correlation comes out at 0.28, weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 472.6 %².
Within CLX's tracked universe of 32 assets, MNST comes in at #20 by 3-year correlation. The last year tells two different stories: CLX led by 15.5 percentage points, -8.8% for CLX against -24.3% for MNST. Across three years, the rolling one-year figure varied moderately, from 0.13 to 0.44. Risk is not evenly split, since MNST carries 2.8 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.
CLX vs MNST: side by side
| CLX (Clorox) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -8.8% | -24.3% |
| 5-year return | -26.0% | -4.5% |
| Volatility (ann.) | 24.4% | 68.6% |
| Beta vs S&P 500 | 0.39 | 0.80 |
| Max drawdown (3Y) | -46.1% | -54.5% |
| Market cap | $12.5B | $91.5B |
| P/E (trailing) | 21.7 | 43.2 |
| Dividend yield | 4.77% | 0.00% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CLX | MNST |
|---|---|---|
| 2022 | -17.0% | +5.7% |
| 2023 | +5.0% | +13.5% |
| 2024 | +17.7% | -8.8% |
| 2025 | -35.6% | +45.9% |
| 2026 | +6.5% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX and MNST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLX and MNST?
As of 2026-08-27, the correlation of weekly returns between CLX and MNST is 0.28 over 3 years, 0.32 over 1 year and 0.25 over 5 years.
Is MNST a good diversifier for CLX?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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/clx-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clx-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLX correlations · MNST correlations
