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Relative Intelligence · Food & Beverages

How Monster Beverage (MNST) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on MNST alone. It places MNST (Monster Beverage Corporation) against 15 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where MNST stands in the market, and of the alternatives worth a closer look.

Period covered: MNST's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against MNST →Chart MNST vs. 15 alternatives →
On this page12 sections

Key findings

How much would $10,000 in MNST have grown?

This chart tracks a hypothetical $10,000 investment in MNST over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of MNST over the same span and MNST's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. None of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of MNST. The other 8 lines are popular alternatives, shown for context.

$10,000$100,000$1M$10M199720022007201220172022$10,000$100,000$1M$10M19972004201120182025
  • MNST$46M+456,538% total · +33.7% a year
  • COKE$514,380+5,044% total · +14.6% a year
  • FIZZ$407,992+3,980% total · +13.6% a year
  • STZ$228,856+2,189% total · +11.4% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • CCEP$129,076+1,191% total · +9.2% a year
  • KOF$107,079+971% total · +8.5% a year
  • PEP$64,589+546% total · +6.6% a year
  • KO$60,026+500% total · +6.4% a year
  • IFF$34,201+242% total · +4.3% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 937 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of MNST; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000202120222023202420252026$0$20,000$40,000$60,000202120222023202420252026
  • COKE$50,300+403% total · +38.1% a year
  • ABBV$29,134+191% total · +23.8% a year
  • KOF$23,968+140% total · +19.1% a year
  • WMT$23,813+138% total · +18.9% a year
  • CCEP$21,567+116% total · +16.6% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • MNST$18,739+87.4% total · +13.4% a year
  • KDP$10,143+1.4% total · +0.3% a year
  • CELH$9,107−8.9% total · −1.9% a year
  • IFF$7,130−28.7% total · −6.5% a year
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MNST at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$92B
Industry
Beverages - Non-Alcoholic
Price history from
October 1986

Returns

Past 1 year
+34.9%total return
Past 3 years
+88.2%+23.5% a year
Past 5 years
+121%+17.2% a year
Past 10 years
+285%+14.4% a year
Best calendar year
+332%2004
Worst calendar year
−24.3%2008
Losing years
6 of 29full calendar years

Risk

Volatility
24.9%typical yearly swing, 5 years
Sharpe ratio
0.77return per unit of risk, 5 years
Worst decline ever
−90.2%Aug 1987 to Dec 1995
From its all-time high
−5.9%below the peak

MNST against the whole market

Where MNST ranks among every stock and fund, and what across the market has done better.

How does MNST rank among all stocks?

This section ranks MNST on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how MNST stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureMNSTRankStanding
1-year return+34.9%854 of 3,287top 26%
3-year return+88.2%1,032 of 3,017top 34%
5-year return+121%566 of 2,893top 20%
10-year return+285%624 of 2,202top 28%
Volatility, 5 years24.9%319 of 2,893top 11%
Sharpe ratio, 5 years0.77339 of 2,893top 12%
Worst decline, past 10 years−30.4%24 of 2,187top 1%

What has beaten MNST on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). MNST sits where the dashed lines cross. Anything in the green box above and to the left earned more than MNST with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to MNST; faint dots are 18 more of the 27 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%20.0%25.0%30.0%35.0%40.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than MNSTTRV: +22.4% a year, volatility 22.3%MPLX: +23.5% a year, volatility 18.8%TJX: +19.9% a year, volatility 22.3%BTI: +18.7% a year, volatility 22.0%CM: +19.2% a year, volatility 21.6%COR: +24.2% a year, volatility 22.8%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%SDCI: +20.6% a year, volatility 18.4%WRB: +18.9% a year, volatility 22.9%SPMO: +18.7% a year, volatility 20.8%MLPX: +18.6% a year, volatility 19.7%IXC: +20.7% a year, volatility 23.2%EUFN: +18.5% a year, volatility 21.8%EWP: +19.2% a year, volatility 20.3%DBJP: +20.9% a year, volatility 19.2%ATMP: +21.2% a year, volatility 21.5%MNST: +17.2% a year, volatility 24.9%SPY (S&P 500): +12.7% a year, volatility 17.1%KOF: +22.3% a year, volatility 24.7%CCEP: +19.7% a year, volatility 23.2%COKE: +41.2% a year, volatility 38.0%WMT: +20.8% a year, volatility 22.6%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%PM: +21.0% a year, volatility 23.4%CAH: +42.1% a year, volatility 24.7%LLY: +40.7% a year, volatility 32.8%CRAK: +19.8% a year, volatility 20.9%DTM: +24.5% a year, volatility 25.2%RY: +17.3% a year, volatility 18.2%MNSTSPY (S&P 500)KOFCCEPCOKEWMTABBVDXJPMCAHLLYCRAKDTMRY15.0%20.0%25.0%30.0%35.0%40.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than MNSTTRV: +22.4% a year, volatility 22.3%MPLX: +23.5% a year, volatility 18.8%TJX: +19.9% a year, volatility 22.3%BTI: +18.7% a year, volatility 22.0%CM: +19.2% a year, volatility 21.6%COR: +24.2% a year, volatility 22.8%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%SDCI: +20.6% a year, volatility 18.4%WRB: +18.9% a year, volatility 22.9%SPMO: +18.7% a year, volatility 20.8%MLPX: +18.6% a year, volatility 19.7%IXC: +20.7% a year, volatility 23.2%EUFN: +18.5% a year, volatility 21.8%EWP: +19.2% a year, volatility 20.3%DBJP: +20.9% a year, volatility 19.2%ATMP: +21.2% a year, volatility 21.5%MNST: +17.2% a year, volatility 24.9%SPY (S&P 500): +12.7% a year, volatility 17.1%KOF: +22.3% a year, volatility 24.7%CCEP: +19.7% a year, volatility 23.2%COKE: +41.2% a year, volatility 38.0%WMT: +20.8% a year, volatility 22.6%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%PM: +21.0% a year, volatility 23.4%CAH: +42.1% a year, volatility 24.7%LLY: +40.7% a year, volatility 32.8%CRAK: +19.8% a year, volatility 20.9%DTM: +24.5% a year, volatility 25.2%RY: +17.3% a year, volatility 18.2%MNSTSPY (S&P 500)KOFCCEPCOKEWMTABBVDXJCAHLLYRY
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region
  • 1 with more than 1.6× MNST's volatility is in the table only

Is there a better investment than MNST?

Investments that beat MNST over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat MNST over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks MNST's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than MNST follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than MNST's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× MNST's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than MNST's.

Screen the whole market against MNST for any period in BetterThanSPYOpen these 14 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with MNST?lower diversifies moreExpenseper year
MNSTMonster Beverage Corporation · this page
+17.2%24.9%0.77−30.4%+285%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.330.09%
Popular alternativesbest 4 shownThe investments people most often weigh against MNST. 4 of 15 passed at least one test.
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Higher return, similar volatilityHigher return in most periods+22.3%24.7%0.94−55.1%+119%0.61—
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Higher return, lower volatility+19.7%23.2%0.90−48.8%+292%0.48—
COKECoca-Cola Consolidated, Inc. · Food & Beverages
Higher return in most periods+41.2%38.0%1.10−51.7%+1,569%0.15—
COCOThe Vita Coco Company, Inc. · Beverages - Non-Alcoholic
Higher return in most periods+35.5%56.2%0.82−57.0%———
Same and neighboring categories, and shared themesbest 1 shownEverything else in Food & Beverages and the categories next to it (Packaged Foods, Packaging, Alcoholic Beverages, Discount Retail), plus MNST's specific themes. 1 of 38 passed at least one test.
WMTWalmart Inc. · Discount Retail
Higher return, lower volatility+20.8%22.6%0.96−25.7%+508%0.04—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 138 of 3,580 passed at least one test.
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, lower volatilityHigher return in most periods+26.1%23.4%1.11−45.1%+603%0.28—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierHigher return, lower volatilityHigher return in most periods+26.6%19.1%1.34−39.1%+428%0.310.48%
PMPhilip Morris International Inc. · Tobacco
Higher return, lower volatilityHigher return in most periods+21.0%23.4%0.94−42.9%+242%0.41—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, similar volatilityHigher return in most periods+42.1%24.7%1.55−46.1%+349%0.27—
LLYEli Lilly and Company · Pharmaceuticals
Higher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%0.26—
CRAKVanEck Oil Refiners ETF · Energy
Higher return, lower volatilityHigher return in most periods+19.8%20.9%0.97−58.8%+336%-0.010.61%
DTMDT Midstream, Inc. · Oil & Gas Midstream
Higher return, similar volatilityHigher Sharpe, smaller worst decline+24.5%25.2%1.00−23.6%—0.22—
RYRoyal Bank of Canada · Banks
On the frontierSimilar return, lower volatility+17.3%18.2%0.97−40.0%+352%0.28—
What these numbers mean for MNST
Annual return
MNST returned 17.2% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $22,100. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
MNST's volatility over the past 5 years was 24.9%, 1.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, MNST's return lands within 24.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
MNST's Sharpe ratio over the past 5 years was 0.77, against 0.79 for the S&P 500, so MNST earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
MNST's worst fall from a peak to a low over the past 10 years was 30.4%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 30.4% fall takes a 43.7% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, MNST's monthly returns had a correlation of 0.33 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against MNST instead: the lower it is, the more that option would diversify a MNST holding. Guide: Correlation and diversification →
Show all 27 stocks and funds worth at least $500 million that earned more than MNST with less volatility

Out of 3,633 tested over 5 years. The strongest 24 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with MNSTExpense
1
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.28—
2
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.310.48%
3
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.41—
4
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.27—
5
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%-0.010.61%
6
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.12—
7
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.35—
8
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+98.2%0.16—
9
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.28—
10
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.25—
11
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Whole market+18.7%22.5%0.88−55.1%+163%0.17—
12
AFLAflac Incorporated · Life Insurance
Whole market+19.0%20.8%0.95−54.9%+335%0.12—
13
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.20—
14
WMTWalmart Inc. · Discount Retail
Same or nearby category+20.8%22.6%0.96−25.7%+508%0.04—
15
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—-0.220.80%
16
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.20—
17
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.280.13%
18
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Popular alternative+19.7%23.2%0.90−48.8%+292%0.48—
19
MLPXGlobal X - MLP & Energy Infrastructure ETF · Energy
Whole market+18.6%19.7%0.97−64.6%+186%0.120.45%
20
IXCiShares Global Energy ETF · International
Whole market+20.7%23.2%0.93−64.2%+183%-0.080.37%
21
EUFNiShares MSCI Europe Financials ETF · Financial Sector Equity
Whole market+18.5%21.8%0.89−53.2%+233%0.350.49%
22
EWPiShares MSCI Spain ETF · Broad Market
Whole market+19.2%20.3%0.97−46.4%+196%0.410.50%
23
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.320.45%
24
ATMPBarclays ETN+ Select MLP ETN · Broad Market
Whole market+21.2%21.5%1.01−70.3%+172%0.090.95%

MNST against its popular alternatives

The investments people most often weigh against MNST, compared period by period and year by year.

How do MNST's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at MNST, which divides the map into what did better or worse on each measure.

Green points earned more than MNST with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityMNST: 17.2% a year, volatility 24.9%SPY (S&P 500): 12.7% a year, volatility 17.1%KOF: 22.3% a year, volatility 24.7%CCEP: 19.7% a year, volatility 23.2%CELH: −0.9% a year, volatility 66.2%IFF: −6.5% a year, volatility 32.3%FMX: 14.1% a year, volatility 25.7%BUD: 9.7% a year, volatility 25.0%FIZZ: −4.8% a year, volatility 29.9%STZ: −7.8% a year, volatility 25.4%SBUX: −0.4% a year, volatility 31.9%COKE: 41.2% a year, volatility 38.0%COCO: 35.5% a year, volatility 56.2%KDP: 2.5% a year, volatility 22.1%KO: 14.7% a year, volatility 16.8%PEP: −0.5% a year, volatility 19.1%INGR: 2.9% a year, volatility 21.3%MNSTSPY (S&P 500)KOFCCEPCELHIFFFMXBUDFIZZSTZSBUXCOKECOCOKDPKOPEPINGR10.0%20.0%30.0%40.0%50.0%60.0%70.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityMNST: 17.2% a year, volatility 24.9%SPY (S&P 500): 12.7% a year, volatility 17.1%KOF: 22.3% a year, volatility 24.7%CCEP: 19.7% a year, volatility 23.2%CELH: −0.9% a year, volatility 66.2%IFF: −6.5% a year, volatility 32.3%FMX: 14.1% a year, volatility 25.7%BUD: 9.7% a year, volatility 25.0%FIZZ: −4.8% a year, volatility 29.9%STZ: −7.8% a year, volatility 25.4%SBUX: −0.4% a year, volatility 31.9%COKE: 41.2% a year, volatility 38.0%COCO: 35.5% a year, volatility 56.2%KDP: 2.5% a year, volatility 22.1%KO: 14.7% a year, volatility 16.8%PEP: −0.5% a year, volatility 19.1%INGR: 2.9% a year, volatility 21.3%MNSTSPY (S&P 500)KOFCCEPCELHIFFBUDFIZZSTZSBUXCOKECOCOKDPKOPEPINGR
All figures
InvestmentAnnual returnVolatility
COKE Coca-Cola Consolidated, Inc.+41.2%38.0%
COCO The Vita Coco Company, Inc.+35.5%56.2%
KOF Coca-Cola FEMSA, S.A.B. de C.V.+22.3%24.7%
CCEP Coca-Cola Europacific Partners PLC+19.7%23.2%
MNST This pageMonster Beverage Corporation+17.2%24.9%
KO The Coca-Cola Company+14.7%16.8%
FMX Fomento Económico Mexicano, S.A.B. de C.V.+14.1%25.7%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
BUD Anheuser-Busch InBev SA/NV+9.7%25.0%
INGR Ingredion Incorporated+2.9%21.3%
KDP Keurig Dr Pepper Inc.+2.5%22.1%
SBUX Starbucks Corporation−0.4%31.9%
PEP PepsiCo, Inc.−0.5%19.1%
CELH Celsius Holdings, Inc.−0.9%66.2%
FIZZ National Beverage Corp.−4.8%29.9%
IFF International Flavors & Fragrances Inc.−6.5%32.3%
STZ Constellation Brands, Inc.−7.8%25.4%
Open these 17 in EasyCompare

Has MNST consistently beaten its popular alternatives?

This section compares MNST with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than MNST helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than MNST over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
MNST Monster Beverage Corporation (this page)—+6.9%−1.4%+21.8%+23.5%+34.9%+88.2%+121%+285%24.9%0.77−30.4%—$92B—
COKE QualifiedCoca-Cola Consolidated, Inc.4/5 short3/3 longAll-weather+12.3%+17.3%+14.9%+42.9%+61.7%+255%+461%+1,569%38.0%1.10−51.7%—$14B—
KOF QualifiedCoca-Cola FEMSA, S.A.B. de C.V.4/5 short2/3 long+7.5%+15.1%+18.1%+28.7%+46.7%+96.0%+174%+119%24.7%0.94−55.1%—$25B—
CCEP QualifiedCoca-Cola Europacific Partners PLC3/5 short2/3 long+12.8%+6.8%+17.8%+29.9%+28.3%+116%+146%+292%23.2%0.90−48.8%—$50B—
COCO QualifiedThe Vita Coco Company, Inc.3/5 short2/3 long+7.9%−16.4%+30.1%+15.5%+48.4%+152%+357%—56.2%0.82−57.0%—$3.5B—
CELH Beverages - Non-AlcoholicCelsius Holdings, Inc.1/5 short1/3 long+6.9%+1.8%−11.3%−37.3%−53.5%−44.5%−4.3%+4,120%66.2%0.32−77.9%—$7.6B—
IFF Chemicals - SpecialtyInternational Flavors & Fragrances Inc.5/5 short0/3 long+9.1%+18.6%+23.8%+36.2%+44.3%+48.5%−28.5%−9.8%32.3%-0.04−57.4%—$23B—
KDP Beverages - Non-AlcoholicKeurig Dr Pepper Inc.4/5 short0/3 long+13.9%+14.6%+32.5%+27.8%+28.7%+31.9%+13.4%+281%22.1%0.23−36.9%—$47B—
KO Beverages - Non-AlcoholicThe Coca-Cola Company4/5 short0/3 long+7.3%+14.5%+25.4%+37.9%+40.2%+86.8%+98.2%+204%16.8%0.91−37.0%—$402B—
FMX Beverages - Non-AlcoholicFomento Económico Mexicano, S.A.B. de C.V.4/5 short0/3 long+9.3%+0.8%+15.1%+36.5%+44.0%+53.7%+92.9%+79.7%25.7%0.64−45.5%—$44B—
BUD Beverages - AlcoholicAnheuser-Busch InBev SA/NV3/5 short0/3 long+6.9%+3.1%+12.3%+32.7%+36.7%+66.6%+58.7%−20.0%25.0%0.50−69.8%—$166B—
FIZZ Beverages - Non-AlcoholicNational Beverage Corp.2/5 short0/3 long+11.9%+12.8%+14.7%+22.7%+6.7%−5.6%−21.8%+108%29.9%-0.02−69.6%—$3.3B—
STZ Beverages - AlcoholicConstellation Brands, Inc.2/5 short0/3 long+12.1%−0.4%−15.7%−4.0%−3.3%−38.5%−33.2%−6.6%25.4%-0.19−56.0%—$22B—
PEP Beverages - Non-AlcoholicPepsiCo, Inc.1/5 short0/3 long+3.4%0.0%−12.8%−2.9%−9.2%−6.7%−2.3%+72.6%19.1%0.07−30.3%—$183B—
SBUX RestaurantsStarbucks Corporation0/5 short0/3 long+4.7%−4.6%+1.6%+20.5%+20.6%+13.8%−1.7%+130%31.9%0.15−43.7%—$113B—
INGR Packaged FoodsIngredion Incorporated0/5 short0/3 long+0.7%−4.7%−13.7%−9.6%−17.7%+16.3%+15.2%−2.7%21.3%0.24−56.1%—$6.1B—
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How did MNST do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where MNST ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with MNST and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of MNST; gray means the two finished within a fraction of a point. The rank row places MNST among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of MNST20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
MNST This pageMonster Beverage Corporation—+45.9%−8.8%+13.5%+5.7%+3.9%+45.5%+29.1%−22.2%+42.7%−10.7%+37.5%+59.8%+28.1%+14.8%+76.1%+36.3%+14.3%−24.3%+31.2%+72.0%+332%+332%+99.5%+0.5%+8.4%−10.1%−19.8%+197%+70.6%
Rank among alternativesTop quarter in 12 of 292 of 1612 of 168 of 166 of 1614 of 153 of 154 of 1510 of 154 of 1513 of 157 of 152 of 158 of 1511 of 151 of 157 of 1512 of 147 of 131 of 121 of 121 of 121 of 121 of 128 of 126 of 129 of 1211 of 121 of 114 of 10
SPY S&P 500State Street SPDR S&P 500 ETF10 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
COKE Coca-Cola Consolidated, Inc.11 of 29+22.6%+38.7%+82.9%−17.1%+133%−5.9%+60.7%−15.0%+23.2%−1.4%+109%+22.1%+11.9%+14.9%+7.4%+5.0%+20.0%−20.1%−12.4%+62.4%−23.2%+10.0%−16.1%+73.3%+2.8%−18.0%−16.0%−16.3%+41.7%
KOF Coca-Cola FEMSA, S.A.B. de C.V.11 of 29+27.1%−13.8%+45.1%+29.8%+24.9%−19.8%+2.5%−10.1%+12.4%−8.2%−16.1%−27.5%−17.0%+59.5%+18.3%+27.5%+53.2%−10.9%+31.0%+42.4%+15.2%+13.2%+18.7%−9.5%−9.3%+28.5%+33.8%−31.0%+102%
CCEP Coca-Cola Europacific Partners PLC12 of 29+21.2%+18.3%+24.5%+2.3%+15.6%+0.5%+13.8%+18.6%+30.0%−9.3%+14.0%+2.5%+42.0%+26.0%+5.0%+74.8%+79.5%−52.9%+28.7%+7.6%−7.4%−3.9%+1.8%+15.4%+0.2%−4.9%−43.3%+1.0%+121%
COCO The Vita Coco Company, Inc.3 of 4+43.6%+43.9%+85.6%+23.7%—————————————————————————
CELH Celsius Holdings, Inc.11 of 18+73.7%−51.7%+57.2%+39.5%+48.2%+942%+38.8%−33.7%+114%+26.3%+288%+47.1%+70.0%−4.8%−50.0%−91.7%+534%−75.1%———————————
IFF International Flavors & Fragrances Inc.11 of 29−18.4%+6.3%−19.5%−28.3%+41.6%−13.3%−1.7%−10.1%+32.0%+0.4%+20.2%+19.9%+31.6%+29.7%−3.8%+38.0%+42.5%−36.6%−0.3%+49.7%−20.2%+24.9%+1.4%+20.3%+49.8%−43.5%−11.4%−11.0%+17.8%
KDP Keurig Dr Pepper Inc.10 of 17−10.1%−1.1%−4.2%−1.2%+17.5%+13.1%+15.4%+70.3%+25.4%+12.7%+51.5%+74.9%+36.4%+37.5%+37.5%+44.3%+80.1%————————————
KO The Coca-Cola Company8 of 29+15.6%+8.9%−4.4%+10.6%+11.4%+2.5%+20.6%+6.8%+14.3%−0.3%+5.2%+5.3%+17.2%+6.5%+9.5%+19.0%+30.4%−24.0%+30.4%+23.2%−0.8%−16.2%+18.2%−5.5%−21.9%+6.1%−12.2%+1.3%+27.9%
FMX Fomento Económico Mexicano, S.A.B. de C.V.8 of 27+26.8%−32.0%+70.1%+2.9%+4.0%−17.8%+11.7%−6.9%+25.1%−16.2%+6.5%−10.1%+0.4%+46.8%+26.9%+18.3%+60.6%−20.2%0.0%+61.3%+39.4%+44.2%+2.3%+7.0%+17.1%−31.8%+68.9%——
BUD Anheuser-Busch InBev SA/NV1 of 16+30.5%−21.3%+9.0%+0.1%−12.7%−14.0%+27.7%−38.8%+9.6%−12.7%+14.9%+8.4%+25.6%+46.5%+8.8%+10.9%—————————————
FIZZ National Beverage Corp.13 of 29−25.3%−8.0%+6.9%+2.6%+13.4%+77.1%−28.9%−23.9%+93.8%+15.7%+101%+12.2%+38.3%+5.9%+22.4%+23.9%+53.9%+12.1%−26.3%+60.4%+17.6%+12.0%+6.4%+29.4%+32.1%+8.7%−11.8%−7.6%+12.8%
STZ Constellation Brands, Inc.13 of 29−36.0%−7.1%+5.8%−6.4%+16.1%+17.4%+19.8%−28.7%+50.7%+8.7%+46.2%+39.5%+98.9%+71.2%−6.7%+39.0%+1.1%−33.3%−18.5%+10.6%+12.8%+41.3%+38.8%+10.7%+46.0%+14.9%−11.7%+4.5%+94.0%
PEP PepsiCo, Inc.7 of 29−1.8%−7.6%−3.3%+6.8%+20.5%+11.7%+27.4%−4.8%+17.8%+7.8%+8.8%+17.3%+24.6%+6.4%+4.8%+10.7%+14.6%−26.0%+23.8%+7.9%+15.3%+13.8%+12.1%−12.2%−0.6%+42.6%−12.4%+14.3%+25.7%
SBUX Starbucks Corporation13 of 29−5.3%−2.5%−1.2%−13.2%+11.1%+24.2%+39.1%+14.7%+5.4%−6.1%+48.1%+6.2%+48.1%+18.4%+45.3%+41.4%+144%−53.7%−42.2%+18.1%−3.8%+88.1%+62.3%+7.2%−13.8%+82.4%−13.6%+46.0%+34.4%
INGR Ingredion Incorporated9 of 28−17.9%+29.2%+14.1%+4.5%+26.4%−12.6%+4.7%−33.1%+13.9%+32.4%+15.3%+26.7%+8.8%+24.6%+15.9%+59.7%+4.0%−20.4%+7.4%+45.7%−9.7%+57.2%+15.9%−13.4%+23.0%−9.8%+9.2%+2.4%—
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Risk and diversification

How MNST has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were MNST's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents MNST's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means MNST fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringMNST fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
No named crash−90.2%—Aug 1987Dec 19958.3 yearsAug 19982.7 years
2008 financial crisis−69.2%−44.6%Oct 2007Oct 200812 monthsMay 20112.6 years
Dot-com bust−56.4%+19.7%Aug 1998May 20012.8 yearsOct 20032.4 years
No named crash−51.9%+9.2%Jul 2006Nov 20064 monthsSep 200710 months
No named crash−47.7%+6.0%Jun 2012Oct 20124 monthsAug 201422 months

How did MNST do in stock market crashes?

This section measures how far MNST, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than MNST.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
MNST This pageMonster Beverage Corporation—−2.9%−25.9%−27.6%−20.1%−7.0%−25.7%−14.6%−12.4%−69.2%−50.4%
SPY S&P 500State Street SPDR S&P 500 ETF6 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
COKE Coca-Cola Consolidated, Inc.3 of 10−4.5%−35.5%−30.4%−21.3%−8.5%−28.4%−21.5%−1.8%−48.4%−37.8%
KOF Coca-Cola FEMSA, S.A.B. de C.V.6 of 10−4.9%−12.4%−40.1%−10.3%−7.0%−19.3%−14.2%−0.4%−57.7%−35.1%
CCEP Coca-Cola Europacific Partners PLC6 of 10−1.5%−28.2%−47.6%−7.4%−2.9%−13.8%−20.4%−0.6%−71.0%−40.3%
COCO The Vita Coco Company, Inc.0 of 2−6.1%−40.6%————————
CELH Celsius Holdings, Inc.1 of 9−7.4%−41.3%−51.8%−26.2%−13.9%−40.9%−50.0%0.0%−95.3%—
IFF International Flavors & Fragrances Inc.5 of 10−5.0%−42.1%−29.8%−16.0%−5.6%−17.2%−16.4%−3.4%−53.0%−57.8%
KDP Keurig Dr Pepper Inc.7 of 8−1.5%−12.2%−33.5%−13.6%−1.7%−9.7%−13.0%0.0%——
KO The Coca-Cola Company8 of 10−1.4%−16.7%−37.0%−8.8%−7.8%−8.8%−8.3%0.0%−40.6%−31.3%
FMX Fomento Económico Mexicano, S.A.B. de C.V.5 of 10−3.9%−28.7%−39.6%−18.2%−8.2%−16.4%−16.0%−0.5%−61.0%−48.5%
BUD Anheuser-Busch InBev SA/NV3 of 8−1.3%−33.1%−52.2%−28.1%−7.7%−14.8%−16.2%−2.2%——
FIZZ National Beverage Corp.5 of 10−2.6%−33.1%−19.5%−36.1%−12.0%−30.3%−10.1%−1.1%−31.0%−34.6%
STZ Constellation Brands, Inc.6 of 10−3.8%−16.3%−49.3%−31.1%−3.3%−12.4%−22.5%−5.5%−58.4%−30.2%
PEP PepsiCo, Inc.8 of 10−0.8%−11.9%−28.3%−12.3%−7.2%−10.2%−8.3%−0.2%−40.4%−33.0%
SBUX Starbucks Corporation5 of 10−3.3%−38.4%−37.5%−11.4%−3.0%−14.2%−15.5%−0.6%−73.2%−44.1%
INGR Ingredion Incorporated7 of 10−2.5%−20.6%−35.9%−16.8%−5.7%−12.4%−35.9%−2.4%−64.2%−32.3%
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How closely does MNST move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares MNST with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than MNST's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
MNST This pageMonster Beverage Corporation87%87%0.990.80
COKE Coca-Cola Consolidated, Inc.123%60%2.050.81
KDP Keurig Dr Pepper Inc.59%38%1.560.56
CELH Celsius Holdings, Inc.195%127%1.541.54
KO The Coca-Cola Company57%44%1.290.47
CCEP Coca-Cola Europacific Partners PLC69%56%1.250.66
KOF Coca-Cola FEMSA, S.A.B. de C.V.63%73%0.860.68
FMX Fomento Económico Mexicano, S.A.B. de C.V.50%63%0.800.72
SBUX Starbucks Corporation81%107%0.760.94
PEP PepsiCo, Inc.48%65%0.750.48
FIZZ National Beverage Corp.73%99%0.730.94
INGR Ingredion Incorporated56%114%0.490.72
IFF International Flavors & Fragrances Inc.65%147%0.440.96
STZ Constellation Brands, Inc.48%111%0.440.79
BUD Anheuser-Busch InBev SA/NV51%125%0.401.04
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What diversifies MNST?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with MNST's. Because such investments tend not to fall at the same time, pairing MNST with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which MNST lost money. The last two columns show a portfolio that is 80% MNST and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20242018201620082000199980/20 mix volatility80/20 mix annual return
MNST Monster Beverage Corporation (this page)1.00+121%0.77−8.8%−22.2%−10.7%−24.3%−10.1%−19.8%23.4%+13.4%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.40+119%1.48+15.9%−5.2%————19.5%+14.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.31+225%1.34+29.8%−19.8%+1.1%−20.8%——19.6%+16.5%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.23+101%1.04+33.4%−8.7%+29.8%———19.6%+14.3%
HDV Dividend & IncomeiShares Core High Dividend ETF0.37+83.3%1.00+14.1%−3.0%+15.9%———19.9%+13.6%
SMH TechnologyVanEck Semiconductor ETF0.30+323%0.97+39.1%−9.1%+35.6%−44.7%——21.8%+19.0%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.44+85.0%0.96+13.4%−9.5%+6.3%———19.8%+13.8%
GLD CommoditiesSPDR Gold Shares0.26+126%0.96+26.7%−1.9%+8.0%+4.9%——19.9%+14.9%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.28+136%0.93+45.8%−0.9%+7.4%———20.3%+15.6%

Stocks

InvestmentCorrelation5Y returnSharpe20242018201620082000199980/20 mix volatility80/20 mix annual return
MNST Monster Beverage Corporation (this page)1.00+121%0.77−8.8%−22.2%−10.7%−24.3%−10.1%−19.8%23.4%+13.4%
CAH Medical - DistributionCardinal Health, Inc.0.27+479%1.55+19.0%−24.5%−17.5%−39.6%+108%−36.8%20.7%+18.7%
CLS Hardware, Equipment & PartsCelestica Inc.-0.07+3,143%1.47+215%−16.3%+7.4%−20.5%−2.3%+350%21.3%+32.4%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.20+1,636%1.46+107%+0.8%+18.3%−15.2%−71.1%−58.7%22.3%+27.6%
MCK Medical - DistributionMcKesson Corporation0.20+413%1.44+23.7%−28.4%−28.3%−40.4%+61.2%−71.3%20.3%+18.2%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation-0.12+690%1.41−4.0%−8.2%+0.7%———19.0%+21.3%
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Common questions

What was MNST's worst drawdown?

MNST's deepest decline since it began trading in 1986 was 90.2%, from August 1987 to December 1995. It took about three years from the low to climb back to its old high.

What were MNST's best and worst years?

Over 29 full calendar years, MNST's best year was 2004, when it returned 332%. Its worst was 2008, with a return of -24.3%.

Is there a better investment than MNST?

Among MNST's popular alternatives, CCEP earned more than MNST with less volatility over the past 5 years: 19.7% a year at 23.2% volatility, against 17.2% a year at 24.9%. Looking beyond its popular alternatives, WMT (discount retail) earned more than MNST with less volatility over the past 5 years: 20.8% a year at 22.6% volatility, against 17.2% a year at 24.9%.

Is MNST more volatile than the S&P 500?

Yes. MNST's volatility over the past 5 years was 24.9%, 1.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, MNST's return lands within 24.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is MNST's Sharpe ratio?

MNST's Sharpe ratio over the past 5 years was 0.77, against 0.79 for the S&P 500, so MNST earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is MNST with the S&P 500?

Over the past 5 years, MNST's monthly returns had a correlation of 0.33 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against MNST instead: the lower it is, the more that option would diversify a MNST holding.

What are the best alternatives to MNST?

Of the 15 popular alternatives we compared, four outperformed MNST in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: COKE, KOF and CCEP.

Did MNST outperform the S&P 500?

MNST finished ahead of the S&P 500 (SPY) in 18 of 29 full calendar years. In 2025, it returned +45.9%, against +17.7% for the index.

How did MNST do in stock market crashes?

MNST fell less than the S&P 500 (SPY) in three of the ten major crashes it has traded through, and further in six. The clearest case was the 2008 financial crisis, when MNST fell 69.2% and the S&P 500 fell 55.2%.

What diversifies MNST?

These had a low correlation with MNST over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.40), DXJ (correlation 0.31) and EMLP (correlation 0.23); among large stocks, CAH (correlation 0.27), CLS (correlation -0.07) and FIX (correlation 0.20). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to MNST

Other stocks and ETFs