JWEL vs MNST: Correlation
Jowell Global Ltd. (JWEL) and Monster Beverage (MNST) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JWEL and MNST?
Over the past 3 years, JWEL and MNST moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -2194.3 %².
Out of 10 assets tracked against JWEL, MNST lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with JWEL ahead by 45.9 points (+21.6% versus -24.3%). Note the risk asymmetry: JWEL runs 1.8 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.
JWEL vs MNST: side by side
| JWEL (Jowell Global Ltd.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +21.6% | -24.3% |
| 5-year return | -97.2% | -4.5% |
| Volatility (ann.) | 122.5% | 68.6% |
| Beta vs S&P 500 | 1.34 | 0.80 |
| Max drawdown (3Y) | -81.0% | -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 | JWEL | MNST |
|---|---|---|
| 2022 | -98.1% | +5.7% |
| 2023 | -67.8% | +13.5% |
| 2024 | +44.9% | -8.8% |
| 2025 | -25.8% | +45.9% |
| 2026 | +2.6% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JWEL and MNST good diversifiers for each other?
Yes. With a correlation of -0.26, JWEL and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JWEL and MNST?
As of 2026-08-27, the correlation of weekly returns between JWEL and MNST is -0.26 over 3 years, -0.49 over 1 year and -0.19 over 5 years.
Is MNST a good diversifier for JWEL?
Yes. With a correlation of -0.26, JWEL and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jwel-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jwel-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JWEL correlations · MNST correlations
