MNST vs QNME: Correlation
How closely do Monster Beverage (MNST) and Quanome Technologies, Inc. (QNME) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and QNME?
Over the past 3 years, MNST and QNME moved with a correlation of 0.39, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.39). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3681.3 %².
By 3-year correlation, QNME places #16 of the 66 assets tracked against MNST. The last year tells two different stories: MNST led by 40.2 percentage points, -24.3% for MNST against -64.5% for QNME. Note the risk asymmetry: QNME runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QNME: side by side
| MNST (Monster Beverage) | QNME (Quanome Technologies, Inc.) | |
|---|---|---|
| 1-year return | -24.3% | -64.5% |
| 5-year return | -4.5% | n/a |
| Volatility (ann.) | 68.6% | 118.3% |
| Beta vs S&P 500 | 0.80 | 0.91 |
| Max drawdown (3Y) | -54.5% | -93.7% |
| 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 | QNME |
|---|---|---|
| 2022 | +5.7% | – |
| 2023 | +13.5% | – |
| 2024 | -8.8% | – |
| 2025 | +45.9% | -64.4% |
| 2026 | -39.1% | -65.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and QNME good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MNST and QNME?
As of 2026-08-27, the correlation of weekly returns between MNST and QNME is 0.39 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is QNME a good diversifier for MNST?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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-qnme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mnst-vs-qnme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNST correlations · QNME correlations
