COHR vs MNST: Correlation
Measured on weekly returns over the past three years, Coherent Corp. (COHR) and Monster Beverage (MNST) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and MNST?
Over the past 3 years, COHR and MNST moved with a correlation of 0.41, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.41 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 1835.4 %².
Among the 41 assets we track against COHR, MNST ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months COHR outperformed by 249.9 percentage points (+225.6% for COHR against -24.3% for MNST). This link changes with the market regime, having swung between -0.05 and 0.61 on a rolling one-year basis.
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.
COHR vs MNST: side by side
| COHR (Coherent Corp.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +225.6% | -24.3% |
| 5-year return | +368.6% | -4.5% |
| Volatility (ann.) | 65.0% | 68.6% |
| Beta vs S&P 500 | 2.76 | 0.80 |
| Max drawdown (3Y) | -54.8% | -54.5% |
| Market cap | $57.8B | $91.5B |
| P/E (trailing) | 71.4 | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | COHR | MNST |
|---|---|---|
| 2022 | -48.6% | +5.7% |
| 2023 | +24.0% | +13.5% |
| 2024 | +117.6% | -8.8% |
| 2025 | +94.8% | +45.9% |
| 2026 | +60.0% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and MNST good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COHR and MNST?
The COHR/MNST correlation stands at 0.41 on a 3-year window (1 year: 0.65, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for COHR?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/cohr-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cohr-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COHR correlations · MNST correlations
