CNET vs MNST: Correlation
ZW Data Action Technologies Inc. (CNET) and Monster Beverage (MNST) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNET and MNST?
On 3 years of weekly data the CNET/MNST correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.24 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -1713.8 %².
MNST is close to the least connected end of CNET's tracked universe, ranking #11 of 11. The last year tells two different stories: CNET led by 20.3 percentage points, -4.0% for CNET against -24.3% for MNST. Note the risk asymmetry: CNET runs 1.5 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.
CNET vs MNST: side by side
| CNET (ZW Data Action Technologies Inc.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -4.0% | -24.3% |
| 5-year return | -94.9% | -4.5% |
| Volatility (ann.) | 104.7% | 68.6% |
| Beta vs S&P 500 | 1.46 | 0.80 |
| Max drawdown (3Y) | -85.2% | -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 | CNET | MNST |
|---|---|---|
| 2022 | -54.0% | +5.7% |
| 2023 | -63.9% | +13.5% |
| 2024 | -45.8% | -8.8% |
| 2025 | -24.4% | +45.9% |
| 2026 | +6.6% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNET and MNST good diversifiers for each other?
Yes. With a correlation of -0.24, CNET and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNET and MNST?
As of 2026-08-27, the correlation of weekly returns between CNET and MNST is -0.24 over 3 years, -0.34 over 1 year and -0.17 over 5 years.
Is MNST a good diversifier for CNET?
Yes. With a correlation of -0.24, CNET and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnet-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnet-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNET correlations · MNST correlations
