MNST vs SU: Correlation
Measured on weekly returns over the past three years, Monster Beverage (MNST) and Suncor Energy Inc. (SU) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and SU?
Over the past 3 years, MNST and SU moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.29). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -576.8 %².
By 3-year correlation, SU places #39 of the 66 assets tracked against MNST. Correlation aside, the last 12 months split them widely, with SU ahead by 88.6 points (-24.3% versus +64.3%). Risk is not evenly split, since MNST carries 2.4 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 SU: side by side
| MNST (Monster Beverage) | SU (Suncor Energy Inc.) | |
|---|---|---|
| 1-year return | -24.3% | +64.3% |
| 5-year return | -4.5% | +325.4% |
| Volatility (ann.) | 68.6% | 29.1% |
| Beta vs S&P 500 | 0.80 | 0.13 |
| Max drawdown (3Y) | -54.5% | -22.7% |
| Market cap | $91.5B | $78.4B |
| P/E (trailing) | 43.2 | 12.1 |
| Dividend yield | 0.00% | 3.61% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | SU |
|---|---|---|
| 2022 | +5.7% | +32.3% |
| 2023 | +13.5% | +6.0% |
| 2024 | -8.8% | +16.2% |
| 2025 | +45.9% | +27.1% |
| 2026 | -39.1% | +51.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and SU good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNST and SU?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.46 over the last year and -0.17 over 5 years.
Is SU a good diversifier for MNST?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnst-vs-su.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnst-vs-su/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNST correlations · SU correlations
