KRO vs MNST: Correlation
Kronos Worldwide Inc (KRO) and Monster Beverage (MNST) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRO and MNST?
On 3 years of weekly data the KRO/MNST correlation comes out at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.40 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 1511.5 %².
Within KRO's tracked universe of 17 assets, MNST comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KRO outperformed by 69.9 percentage points (+45.6% for KRO 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.
KRO vs MNST: side by side
| KRO (Kronos Worldwide Inc) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +45.6% | -24.3% |
| 5-year return | -15.4% | -4.5% |
| Volatility (ann.) | 55.0% | 68.6% |
| Beta vs S&P 500 | 1.47 | 0.80 |
| Max drawdown (3Y) | -68.7% | -54.5% |
| Market cap | $1.0B | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 2.28% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | KRO | MNST |
|---|---|---|
| 2022 | -33.7% | +5.7% |
| 2023 | +14.9% | +13.5% |
| 2024 | +2.5% | -8.8% |
| 2025 | -53.1% | +45.9% |
| 2026 | +101.5% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRO and MNST good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRO and MNST?
As of 2026-08-27, the correlation of weekly returns between KRO and MNST is 0.40 over 3 years, 0.53 over 1 year and 0.36 over 5 years.
Is MNST a good diversifier for KRO?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/kro-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kro-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRO correlations · MNST correlations
