DINO vs MNST: Correlation
HF Sinclair Corporation (DINO) and Monster Beverage (MNST) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DINO and MNST?
Over the past 3 years, DINO and MNST moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.23). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -601.1 %².
Among the 15 assets we track against DINO, MNST sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months DINO outperformed by 124.0 percentage points (+99.7% for DINO against -24.3% for MNST). Risk is not evenly split, since MNST carries 1.8 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.
DINO vs MNST: side by side
| DINO (HF Sinclair Corporation) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +99.7% | -24.3% |
| 5-year return | +259.1% | -4.5% |
| Volatility (ann.) | 37.3% | 68.6% |
| Beta vs S&P 500 | 0.56 | 0.80 |
| Max drawdown (3Y) | -57.4% | -54.5% |
| Market cap | $17.2B | $91.5B |
| P/E (trailing) | 9.2 | 43.2 |
| Dividend yield | 2.07% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | DINO | MNST |
|---|---|---|
| 2022 | +61.9% | +5.7% |
| 2023 | +11.0% | +13.5% |
| 2024 | -34.4% | -8.8% |
| 2025 | +38.1% | +45.9% |
| 2026 | +115.4% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DINO and MNST good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DINO and MNST?
The DINO/MNST correlation stands at -0.23 on a 3-year window (1 year: -0.41, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for DINO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/dino-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dino-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DINO correlations · MNST correlations
