MNST vs ONFO: Correlation
Measured on weekly returns over the past three years, Monster Beverage (MNST) and Onfolio Holdings Inc. (ONFO) carry a correlation of -0.59, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and ONFO?
Over the past 3 years, MNST and ONFO moved with a correlation of -0.59, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.62 over 1 year against -0.59 over 3. Over 5 years the correlation is -0.58, and the annualized covariance of weekly returns is -166604.9 %².
Among the 66 assets we track against MNST, ONFO ranks #58 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ONFO outperformed by 60.8 percentage points (-24.3% for MNST against +36.5% for ONFO). Risk is not evenly split, since ONFO carries 60.5 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 ONFO: side by side
| MNST (Monster Beverage) | ONFO (Onfolio Holdings Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +36.5% |
| 5-year return | -4.5% | n/a |
| Volatility (ann.) | 68.6% | 4150.5% |
| Beta vs S&P 500 | 0.80 | 6.65 |
| Max drawdown (3Y) | -54.5% | -99.3% |
| 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 | ONFO |
|---|---|---|
| 2022 | +5.7% | – |
| 2023 | +13.5% | -66.4% |
| 2024 | -8.8% | +162.7% |
| 2025 | +45.9% | -49.3% |
| 2026 | -39.1% | +109.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and ONFO good diversifiers for each other?
Yes: at -0.59, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNST and ONFO?
Using weekly returns as of 2026-08-27: -0.59 over 3 years, with -0.62 over the last year and -0.58 over 5 years.
Is ONFO a good diversifier for MNST?
Yes: at -0.59, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.59 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 · ONFO correlations
