LEXX vs MNST: Correlation
Lexaria Bioscience Corp. (LEXX) and Monster Beverage (MNST) show a negative relationship: their 3-year correlation of weekly returns is -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEXX and MNST?
Over the past 3 years, LEXX and MNST moved with a correlation of -0.44, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.48 over 1 year against -0.44 over 3. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -16755.6 %².
Among the 10 assets we track against LEXX, MNST sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with LEXX ahead by 1242.6 points (+1218.3% versus -24.3%). Risk is not evenly split, since LEXX carries 8.2 times the volatility of the other side.
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.
LEXX vs MNST: side by side
| LEXX (Lexaria Bioscience Corp.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | +1218.3% | -24.3% |
| 5-year return | +89.6% | -4.5% |
| Volatility (ann.) | 559.5% | 68.6% |
| Beta vs S&P 500 | 1.66 | 0.80 |
| Max drawdown (3Y) | -95.6% | -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 | LEXX | MNST |
|---|---|---|
| 2022 | -39.0% | +5.7% |
| 2023 | -49.2% | +13.5% |
| 2024 | +68.0% | -8.8% |
| 2025 | -70.6% | +45.9% |
| 2026 | +1793.0% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEXX and MNST good diversifiers for each other?
Yes. With a correlation of -0.44, LEXX and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEXX and MNST?
The LEXX/MNST correlation stands at -0.44 on a 3-year window (1 year: -0.48, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for LEXX?
Yes. With a correlation of -0.44, LEXX and MNST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
A reading of -0.44 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/lexx-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lexx-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEXX correlations · MNST correlations
