MNST vs NXTT: Correlation
Monster Beverage (MNST) and Next Technology Holding Inc. (NXTT) show a negative relationship: their 3-year correlation of weekly returns is -0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and NXTT?
On 3 years of weekly data the MNST/NXTT correlation comes out at -0.58, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.62) sits close to the 3-year figure. The 5-year figure is -0.57, and annualized covariance runs at -307030.9 %².
Among the 66 assets we track against MNST, NXTT ranks #55 by 3-year correlation. The last year tells two different stories: MNST led by 70.0 percentage points, -24.3% for MNST against -94.3% for NXTT. Risk is not evenly split, since NXTT carries 112.3 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.
MNST vs NXTT: side by side
| MNST (Monster Beverage) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | -24.3% | -94.3% |
| 5-year return | -4.5% | -100.0% |
| Volatility (ann.) | 68.6% | 7704.0% |
| Beta vs S&P 500 | 0.80 | 8.14 |
| Max drawdown (3Y) | -54.5% | -100.0% |
| Market cap | $91.5B | – |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | NXTT |
|---|---|---|
| 2022 | +5.7% | – |
| 2023 | +13.5% | -93.9% |
| 2024 | -8.8% | -36.6% |
| 2025 | +45.9% | -98.8% |
| 2026 | -39.1% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and NXTT good diversifiers for each other?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNST and NXTT?
Using weekly returns as of 2026-08-27: -0.58 over 3 years, with -0.62 over the last year and -0.57 over 5 years.
Is NXTT a good diversifier for MNST?
By historical standards, yes. A correlation of -0.58 means the two rarely move for the same reasons.
What does a correlation of -0.58 mean?
On the −1 to +1 scale, -0.58 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/mnst-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnst-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNST correlations · NXTT correlations
