CVRX vs MNST: Correlation
Measured on weekly returns over the past three years, CVRx, Inc. (CVRX) and Monster Beverage (MNST) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVRX and MNST?
Across a 3-year window, the weekly returns of CVRX and MNST correlate at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.28). Stretching to 5 years gives -0.17, with an annualized covariance of -1982.4 %².
MNST is close to the least connected end of CVRX's tracked universe, ranking #16 of 18. Correlation aside, the last 12 months split them widely, with MNST ahead by 35.5 points (-59.8% versus -24.3%).
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.
CVRX vs MNST: side by side
| CVRX (CVRx, Inc.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -59.8% | -24.3% |
| 5-year return | -84.4% | -4.5% |
| Volatility (ann.) | 101.8% | 68.6% |
| Beta vs S&P 500 | 0.65 | 0.80 |
| Max drawdown (3Y) | -92.8% | -54.5% |
| Market cap | $0.1B | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CVRX | MNST |
|---|---|---|
| 2022 | +50.0% | +5.7% |
| 2023 | +71.3% | +13.5% |
| 2024 | -59.7% | -8.8% |
| 2025 | -44.0% | +45.9% |
| 2026 | -57.2% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVRX and MNST good diversifiers for each other?
Yes. With a correlation of -0.28, CVRX and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVRX and MNST?
As of 2026-08-27, the correlation of weekly returns between CVRX and MNST is -0.28 over 3 years, -0.52 over 1 year and -0.17 over 5 years.
Is MNST a good diversifier for CVRX?
Yes. With a correlation of -0.28, CVRX and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/cvrx-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvrx-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVRX correlations · MNST correlations
