IBTA vs MNST: Correlation
How closely do Ibotta, Inc. (IBTA) and Monster Beverage (MNST) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and MNST?
Across a 3-year window, the weekly returns of IBTA and MNST correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 2490.1 %².
Within IBTA's tracked universe of 19 assets, MNST comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IBTA outperformed by 66.6 percentage points (+42.3% for IBTA against -24.3% for MNST).
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.
IBTA vs MNST: side by side
| IBTA (Ibotta, Inc.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +42.3% | -24.3% |
| 5-year return | n/a | -4.5% |
| Volatility (ann.) | 79.0% | 68.6% |
| Beta vs S&P 500 | 1.45 | 0.80 |
| Max drawdown (3Y) | -82.5% | -54.5% |
| Market cap | $0.8B | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | IBTA | MNST |
|---|---|---|
| 2022 | – | +5.7% |
| 2023 | – | +13.5% |
| 2024 | – | -8.8% |
| 2025 | -65.1% | +45.9% |
| 2026 | +60.2% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and MNST good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IBTA and MNST?
As of 2026-08-27, the correlation of weekly returns between IBTA and MNST is 0.41 over 3 years, 0.64 over 1 year and n/a over 5 years.
Is MNST a good diversifier for IBTA?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/ibta-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ibta-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBTA correlations · MNST correlations
