MNST vs OESX: Correlation
Measured on weekly returns over the past three years, Monster Beverage (MNST) and Orion Energy Systems, Inc. (OESX) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and OESX?
Across a 3-year window, the weekly returns of MNST and OESX correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 3064.1 %².
In MNST's tracked universe of 66 assets, OESX sits right near the top at #3. The last year tells two different stories: OESX led by 308.6 percentage points, -24.3% for MNST against +284.3% for OESX.
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 OESX: side by side
| MNST (Monster Beverage) | OESX (Orion Energy Systems, Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +284.3% |
| 5-year return | -4.5% | -39.9% |
| Volatility (ann.) | 68.6% | 81.4% |
| Beta vs S&P 500 | 0.80 | 1.22 |
| Max drawdown (3Y) | -54.5% | -63.4% |
| Market cap | $91.5B | $0.1B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | OESX |
|---|---|---|
| 2022 | +5.7% | -49.7% |
| 2023 | +13.5% | -52.2% |
| 2024 | -8.8% | -8.0% |
| 2025 | +45.9% | +92.3% |
| 2026 | -39.1% | +73.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and OESX good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MNST and OESX?
As of 2026-08-27, the correlation of weekly returns between MNST and OESX is 0.55 over 3 years, 0.65 over 1 year and 0.49 over 5 years.
Is OESX a good diversifier for MNST?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-oesx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mnst-vs-oesx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MNST correlations · OESX correlations
