HAO vs MNST: Correlation
Measured on weekly returns over the past three years, Haoxi Health Technology Limited - Class A Ord Share (HAO) and Monster Beverage (MNST) carry a correlation of -0.48, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and MNST?
Over the past 3 years, HAO and MNST moved with a correlation of -0.48, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.63) runs below the 3-year figure (-0.48). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -80121.3 %².
Among the 26 assets we track against HAO, MNST sits near the bottom by co-movement, at rank #26. Correlation aside, the last 12 months split them widely, with MNST ahead by 73.6 points (-97.9% versus -24.3%). Note the risk asymmetry: HAO runs 33.1 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.
HAO vs MNST: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -97.9% | -24.3% |
| 5-year return | n/a | -4.5% |
| Volatility (ann.) | 2273.9% | 68.6% |
| Beta vs S&P 500 | -2.44 | 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 | HAO | MNST |
|---|---|---|
| 2022 | – | +5.7% |
| 2023 | – | +13.5% |
| 2024 | – | -8.8% |
| 2025 | +613.3% | +45.9% |
| 2026 | -97.7% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and MNST good diversifiers for each other?
Yes: at -0.48, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAO and MNST?
As of 2026-08-27, the correlation of weekly returns between HAO and MNST is -0.48 over 3 years, -0.63 over 1 year and n/a over 5 years.
Is MNST a good diversifier for HAO?
Yes: at -0.48, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.48 mean?
A reading of -0.48 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/hao-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hao-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAO correlations · MNST correlations
