ELPW vs MNST: Correlation
Measured on weekly returns over the past three years, Elong Power Holding Limited - Class A (ELPW) and Monster Beverage (MNST) carry a correlation of -0.58, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and MNST?
Over the past 3 years, ELPW and MNST moved with a correlation of -0.58, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.62) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -131661.6 %².
Out of 30 assets tracked against ELPW, MNST lands near the bottom at #30. Correlation aside, the last 12 months split them widely, with MNST ahead by 74.7 points (-99.0% versus -24.3%). Risk is not evenly split, since ELPW carries 48.6 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.
ELPW vs MNST: side by side
| ELPW (Elong Power Holding Limited - Class A) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -99.0% | -24.3% |
| 5-year return | n/a | -4.5% |
| Volatility (ann.) | 3332.8% | 68.6% |
| Beta vs S&P 500 | 3.98 | 0.80 |
| Max drawdown (3Y) | -100.0% | -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 | ELPW | MNST |
|---|---|---|
| 2022 | – | +5.7% |
| 2023 | – | +13.5% |
| 2024 | -87.5% | -8.8% |
| 2025 | -91.4% | +45.9% |
| 2026 | -97.4% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and MNST good diversifiers for each other?
Yes. With a correlation of -0.58, ELPW and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ELPW and MNST?
The ELPW/MNST correlation stands at -0.58 on a 3-year window (1 year: -0.62, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for ELPW?
Yes. With a correlation of -0.58, ELPW and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.58 mean?
A reading of -0.58 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/elpw-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elpw-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ELPW correlations · MNST correlations
