MNST vs MO: Correlation
Monster Beverage (MNST) and Altria (MO) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and MO?
Across a 3-year window, the weekly returns of MNST and MO correlate at 0.18, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.18 over 3. Stretching to 5 years gives 0.16, with an annualized covariance of 275.6 %².
Among the 66 assets we track against MNST, MO ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MO outperformed by 33.1 percentage points (-24.3% for MNST against +8.8% for MO). Across three years, the rolling one-year figure varied moderately, from 0.11 to 0.50. Note the risk asymmetry: MNST runs 3.1 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.
MNST vs MO: side by side
| MNST (Monster Beverage) | MO (Altria) | |
|---|---|---|
| 1-year return | -24.3% | +8.8% |
| 5-year return | -4.5% | +100.4% |
| Volatility (ann.) | 68.6% | 21.8% |
| Beta vs S&P 500 | 0.80 | -0.07 |
| Max drawdown (3Y) | -54.5% | -16.4% |
| Market cap | $91.5B | $113.0B |
| P/E (trailing) | 43.2 | 14.6 |
| Dividend yield | 0.00% | 6.13% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | MNST | MO |
|---|---|---|
| 2022 | +5.7% | +4.4% |
| 2023 | +13.5% | -3.7% |
| 2024 | -8.8% | +40.8% |
| 2025 | +45.9% | +18.2% |
| 2026 | -39.1% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and MO good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNST and MO?
As of 2026-08-27, the correlation of weekly returns between MNST and MO is 0.18 over 3 years, 0.18 over 1 year and 0.16 over 5 years.
Is MO a good diversifier for MNST?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MNST correlations · MO correlations
