MNST vs PBF: Correlation
Measured on weekly returns over the past three years, Monster Beverage (MNST) and PBF Energy Inc. (PBF) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and PBF?
On 3 years of weekly data the MNST/PBF correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.26). The 5-year figure is -0.21, and annualized covariance runs at -1045.9 %².
Among the 66 assets we track against MNST, PBF ranks #35 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PBF ahead by 191.3 points (-24.3% versus +167.0%).
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 PBF: side by side
| MNST (Monster Beverage) | PBF (PBF Energy Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +167.0% |
| 5-year return | -4.5% | +642.1% |
| Volatility (ann.) | 68.6% | 58.6% |
| Beta vs S&P 500 | 0.80 | 0.47 |
| Max drawdown (3Y) | -54.5% | -76.0% |
| Market cap | $91.5B | $8.1B |
| P/E (trailing) | 43.2 | 6.1 |
| Dividend yield | 0.00% | 1.58% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | PBF |
|---|---|---|
| 2022 | +5.7% | +215.8% |
| 2023 | +13.5% | +10.0% |
| 2024 | -8.8% | -38.0% |
| 2025 | +45.9% | +6.8% |
| 2026 | -39.1% | +157.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and PBF good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNST and PBF?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.43 over the last year and -0.21 over 5 years.
Is PBF a good diversifier for MNST?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-pbf.json
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Related comparisons
Hubs: MNST correlations · PBF correlations
