MNST vs PKOH: Correlation
Measured on weekly returns over the past three years, Monster Beverage (MNST) and Park-Ohio Holdings Corp. (PKOH) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and PKOH?
On 3 years of weekly data the MNST/PKOH correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.40). The 5-year figure is 0.29, and annualized covariance runs at 1190.9 %².
By 3-year correlation, PKOH places #14 of the 66 assets tracked against MNST. The last year tells two different stories: PKOH led by 170.3 percentage points, -24.3% for MNST against +146.0% for PKOH. Risk is not evenly split, since MNST carries 1.6 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 PKOH: side by side
| MNST (Monster Beverage) | PKOH (Park-Ohio Holdings Corp.) | |
|---|---|---|
| 1-year return | -24.3% | +146.0% |
| 5-year return | -4.5% | +101.4% |
| Volatility (ann.) | 68.6% | 43.9% |
| Beta vs S&P 500 | 0.80 | 1.33 |
| Max drawdown (3Y) | -54.5% | -52.5% |
| Market cap | $91.5B | $0.7B |
| P/E (trailing) | 43.2 | 24.6 |
| Dividend yield | 0.00% | 1.09% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | PKOH |
|---|---|---|
| 2022 | +5.7% | -40.3% |
| 2023 | +13.5% | +127.1% |
| 2024 | -8.8% | -0.8% |
| 2025 | +45.9% | -18.3% |
| 2026 | -39.1% | +129.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and PKOH good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MNST and PKOH?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.56 over the last year and 0.29 over 5 years.
Is PKOH a good diversifier for MNST?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnst-vs-pkoh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnst-vs-pkoh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNST correlations · PKOH correlations
