MNST vs SEGG: Correlation
How closely do Monster Beverage (MNST) and Sports Entertainment Gaming Global Corporation (SEGG) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and SEGG?
On 3 years of weekly data the MNST/SEGG correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.32). The 5-year figure is n/a, and annualized covariance runs at -8409.2 %².
Within MNST's tracked universe of 66 assets, SEGG comes in at #41 by 3-year correlation. The last year tells two different stories: MNST led by 32.5 percentage points, -24.3% for MNST against -56.8% for SEGG. Risk is not evenly split, since SEGG carries 5.7 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 SEGG: side by side
| MNST (Monster Beverage) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | -24.3% | -56.8% |
| 5-year return | -4.5% | n/a |
| Volatility (ann.) | 68.6% | 389.2% |
| Beta vs S&P 500 | 0.80 | 0.24 |
| Max drawdown (3Y) | -54.5% | -98.9% |
| 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 | SEGG |
|---|---|---|
| 2022 | +5.7% | – |
| 2023 | +13.5% | – |
| 2024 | -8.8% | -82.1% |
| 2025 | +45.9% | -84.9% |
| 2026 | -39.1% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and SEGG good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNST and SEGG?
The MNST/SEGG correlation stands at -0.32 on a 3-year window (1 year: -0.43, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SEGG a good diversifier for MNST?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mnst-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNST correlations · SEGG correlations
