MNST vs TAP: Correlation
Monster Beverage (MNST) and Molson Coors Beverage Company (TAP) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and TAP?
On 3 years of weekly data the MNST/TAP correlation comes out at 0.18, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 300.2 %².
Within MNST's tracked universe of 66 assets, TAP comes in at #21 by 3-year correlation. On 12-month performance TAP holds a 9.3-point edge, -24.3% against -15.0%. On a rolling one-year basis the correlation drifted between 0.17 and 0.50, a moderate band. Note the risk asymmetry: MNST runs 2.9 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 TAP: side by side
| MNST (Monster Beverage) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -24.3% | -15.0% |
| 5-year return | -4.5% | +3.9% |
| Volatility (ann.) | 68.6% | 23.9% |
| Beta vs S&P 500 | 0.80 | 0.15 |
| Max drawdown (3Y) | -54.5% | -38.8% |
| Market cap | $91.5B | $7.8B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | MNST | TAP |
|---|---|---|
| 2022 | +5.7% | +14.4% |
| 2023 | +13.5% | +22.2% |
| 2024 | -8.8% | -3.4% |
| 2025 | +45.9% | -15.5% |
| 2026 | -39.1% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and TAP good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNST and TAP?
The MNST/TAP correlation stands at 0.18 on a 3-year window (1 year: 0.18, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for MNST?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnst-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNST correlations · TAP correlations
