CRTO vs MNST: Correlation
Criteo S.A. (CRTO) and Monster Beverage (MNST) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRTO and MNST?
On 3 years of weekly data the CRTO/MNST correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.27 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -801.3 %².
MNST is close to the least connected end of CRTO's tracked universe, ranking #11 of 11. On 12-month performance MNST holds a 6.1-point edge, -30.4% against -24.3%. Risk is not evenly split, since MNST carries 1.6 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.
CRTO vs MNST: side by side
| CRTO (Criteo S.A.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -30.4% | -24.3% |
| 5-year return | -55.0% | -4.5% |
| Volatility (ann.) | 44.1% | 68.6% |
| Beta vs S&P 500 | 0.62 | 0.80 |
| Max drawdown (3Y) | -68.1% | -54.5% |
| Market cap | $0.8B | $91.5B |
| P/E (trailing) | 8.7 | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CRTO | MNST |
|---|---|---|
| 2022 | -33.0% | +5.7% |
| 2023 | -2.8% | +13.5% |
| 2024 | +56.2% | -8.8% |
| 2025 | -47.9% | +45.9% |
| 2026 | -16.4% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRTO and MNST good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between CRTO and MNST?
The CRTO/MNST correlation stands at -0.27 on a 3-year window (1 year: -0.42, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for CRTO?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/crto-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crto-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRTO correlations · MNST correlations
