MNST vs QQQ: Correlation
How closely do Monster Beverage (MNST) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and QQQ?
Over the past 3 years, MNST and QQQ moved with a correlation of 0.16, which is weak. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 218.2 %².
Among the 66 assets we track against MNST, QQQ ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 50.6 points (-24.3% versus +26.3%). On a rolling one-year basis the correlation drifted between 0.06 and 0.37, a moderate band. One caveat on sizing: MNST is 3.5 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 QQQ: side by side
| MNST (Monster Beverage) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -24.3% | +26.3% |
| 5-year return | -4.5% | +95.4% |
| Volatility (ann.) | 68.6% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -54.5% | -22.8% |
| Market cap | $91.5B | – |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | MNST | QQQ |
|---|---|---|
| 2022 | +5.7% | -32.6% |
| 2023 | +13.5% | +54.9% |
| 2024 | -8.8% | +25.6% |
| 2025 | +45.9% | +20.8% |
| 2026 | -39.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.41% of QQQ is MNST itself, so the fund partly moves with the stock by construction.
Are MNST and QQQ good diversifiers for each other?
Yes. With a correlation of 0.16, MNST and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNST and QQQ?
The MNST/QQQ correlation stands at 0.16 on a 3-year window (1 year: 0.22, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MNST?
Yes. With a correlation of 0.16, MNST and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 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
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[](https://www.pairbook.io/pair/mnst-vs-qqq/)
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Related comparisons
Hubs: MNST correlations · QQQ correlations
