EOG vs MNST: Correlation
EOG Resources (EOG) and Monster Beverage (MNST) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOG and MNST?
On 3 years of weekly data the EOG/MNST correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.24). The 5-year figure is -0.14, and annualized covariance runs at -458.8 %².
Among the 40 assets we track against EOG, MNST sits near the bottom by co-movement, at rank #38. Their recent paths diverged sharply: over the last 12 months EOG outperformed by 46.0 percentage points (+21.7% for EOG against -24.3% for MNST). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.41 to 0.18. Note the risk asymmetry: MNST runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EOG vs MNST: side by side
| EOG (EOG Resources) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +21.7% | -24.3% |
| 5-year return | +171.5% | -4.5% |
| Volatility (ann.) | 28.1% | 68.6% |
| Beta vs S&P 500 | 0.14 | 0.80 |
| Max drawdown (3Y) | -23.7% | -54.5% |
| Market cap | $75.8B | $91.5B |
| P/E (trailing) | 11.3 | 43.2 |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | Energy | Consumer Staples |
Year-by-year returns
| Year | EOG | MNST |
|---|---|---|
| 2022 | +56.9% | +5.7% |
| 2023 | -2.0% | +13.5% |
| 2024 | +4.3% | -8.8% |
| 2025 | -11.4% | +45.9% |
| 2026 | +41.0% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOG and MNST good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EOG and MNST?
The EOG/MNST correlation stands at -0.24 on a 3-year window (1 year: -0.41, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for EOG?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/eog-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eog-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOG correlations · MNST correlations
