MNST vs MPC: Correlation
How closely do Monster Beverage (MNST) and Marathon Petroleum (MPC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and MPC?
Over the past 3 years, MNST and MPC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.24 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -567.0 %².
Among the 66 assets we track against MNST, MPC ranks #31 by 3-year correlation. The last year tells two different stories: MPC led by 132.1 percentage points, -24.3% for MNST against +107.8% for MPC. This link changes with the market regime, having swung between -0.36 and 0.21 on a rolling one-year basis. One caveat on sizing: MNST is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MPC: side by side
| MNST (Monster Beverage) | MPC (Marathon Petroleum) | |
|---|---|---|
| 1-year return | -24.3% | +107.8% |
| 5-year return | -4.5% | +589.6% |
| Volatility (ann.) | 68.6% | 34.2% |
| Beta vs S&P 500 | 0.80 | 0.48 |
| Max drawdown (3Y) | -54.5% | -44.7% |
| Market cap | $91.5B | $102.1B |
| P/E (trailing) | 43.2 | 12.6 |
| Dividend yield | 0.00% | 1.10% |
| Sector / category | Consumer Staples | Energy |
Year-by-year returns
| Year | MNST | MPC |
|---|---|---|
| 2022 | +5.7% | +86.6% |
| 2023 | +13.5% | +30.5% |
| 2024 | -8.8% | -4.1% |
| 2025 | +45.9% | +19.2% |
| 2026 | -39.1% | +126.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and MPC good diversifiers for each other?
Yes. With a correlation of -0.24, MNST and MPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNST and MPC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.39 over the last year and -0.17 over 5 years.
Is MPC a good diversifier for MNST?
Yes. With a correlation of -0.24, MNST and MPC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MNST correlations · MPC correlations
