MNST vs SMXT: Correlation
How closely do Monster Beverage (MNST) and Solarmax Technology Inc. (SMXT) trade together? Their weekly returns over three years give a correlation of -0.63, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and SMXT?
On 3 years of weekly data the MNST/SMXT correlation comes out at -0.63, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.67 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -44226.8 %².
Among the 66 assets we track against MNST, SMXT sits near the bottom by co-movement, at rank #66. Correlation aside, the last 12 months split them widely, with SMXT ahead by 164.0 points (-24.3% versus +139.7%). One caveat on sizing: SMXT is 13.8 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 SMXT: side by side
| MNST (Monster Beverage) | SMXT (Solarmax Technology Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +139.7% |
| 5-year return | -4.5% | n/a |
| Volatility (ann.) | 68.6% | 947.0% |
| Beta vs S&P 500 | 0.80 | 2.41 |
| Max drawdown (3Y) | -54.5% | -98.0% |
| 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 | SMXT |
|---|---|---|
| 2022 | +5.7% | – |
| 2023 | +13.5% | – |
| 2024 | -8.8% | – |
| 2025 | +45.9% | -49.3% |
| 2026 | -39.1% | +267.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and SMXT good diversifiers for each other?
By historical standards, yes. A correlation of -0.63 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNST and SMXT?
The MNST/SMXT correlation stands at -0.63 on a 3-year window (1 year: -0.67, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SMXT a good diversifier for MNST?
By historical standards, yes. A correlation of -0.63 means the two rarely move for the same reasons.
What does a correlation of -0.63 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-smxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnst-vs-smxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNST correlations · SMXT correlations
