MNST vs UWMC: Correlation
Monster Beverage (MNST) and UWM Holdings Corporation (UWMC) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNST and UWMC?
On 3 years of weekly data the MNST/UWMC correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.31 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -1102.8 %².
Within MNST's tracked universe of 66 assets, UWMC comes in at #40 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MNST ahead by 46.7 points (-24.3% versus -71.0%).
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 UWMC: side by side
| MNST (Monster Beverage) | UWMC (UWM Holdings Corporation) | |
|---|---|---|
| 1-year return | -24.3% | -71.0% |
| 5-year return | -4.5% | -69.4% |
| Volatility (ann.) | 68.6% | 52.6% |
| Beta vs S&P 500 | 0.80 | 0.96 |
| Max drawdown (3Y) | -54.5% | -84.9% |
| Market cap | $91.5B | $4.2B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 27.40% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MNST | UWMC |
|---|---|---|
| 2022 | +5.7% | -38.0% |
| 2023 | +13.5% | +132.1% |
| 2024 | -8.8% | -13.0% |
| 2025 | +45.9% | -19.3% |
| 2026 | -39.1% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNST and UWMC good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MNST and UWMC?
As of 2026-08-27, the correlation of weekly returns between MNST and UWMC is -0.31 over 3 years, -0.50 over 1 year and -0.20 over 5 years.
Is UWMC a good diversifier for MNST?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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-uwmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnst-vs-uwmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNST correlations · UWMC correlations
