MNST vs PG: Correlation
Monster Beverage (MNST) and Procter & Gamble (PG) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and PG?
Over the past 3 years, MNST and PG moved with a correlation of 0.20, which is weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 205.5 %².
Within MNST's tracked universe of 66 assets, PG comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PG outperformed by 18.2 percentage points (-24.3% for MNST against -6.1% for PG). On a rolling one-year basis the correlation drifted between 0.18 and 0.53, a moderate band. One caveat on sizing: MNST is 4.5 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 PG: side by side
| MNST (Monster Beverage) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | -24.3% | -6.1% |
| 5-year return | -4.5% | +13.9% |
| Volatility (ann.) | 68.6% | 15.3% |
| Beta vs S&P 500 | 0.80 | 0.19 |
| Max drawdown (3Y) | -54.5% | -21.2% |
| Market cap | $91.5B | $332.7B |
| P/E (trailing) | 43.2 | 21.9 |
| Dividend yield | 0.00% | 2.94% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | MNST | PG |
|---|---|---|
| 2022 | +5.7% | -5.0% |
| 2023 | +13.5% | -0.9% |
| 2024 | -8.8% | +17.3% |
| 2025 | +45.9% | -12.3% |
| 2026 | -39.1% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and PG good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MNST and PG?
The MNST/PG correlation stands at 0.20 on a 3-year window (1 year: 0.21, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is PG a good diversifier for MNST?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
A reading of 0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MNST correlations · PG correlations
