WMG vs. MNST
WMG (Warner Music Group Corp.) and MNST (Monster Beverage Corporation) are both stocks. WMG operates in Entertainment (Communication Services), while MNST operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 5 years, WMG returned -2.60%/yr vs 15.55%/yr for MNST. At a 0.17 correlation, their price movements are largely independent.
Performance
WMG vs. MNST - Performance Comparison
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Returns By Period
In the year-to-date period, WMG achieves a -9.36% return, which is significantly lower than MNST's 21.33% return.
WMG
- 1D
- -2.48%
- 1M
- -20.45%
- YTD
- -9.36%
- 6M
- -7.12%
- 1Y
- 6.32%
- 3Y*
- 4.11%
- 5Y*
- -2.60%
- 10Y*
- —
MNST
- 1D
- 1.84%
- 1M
- 7.18%
- YTD
- 21.33%
- 6M
- 19.78%
- 1Y
- 47.44%
- 3Y*
- 16.32%
- 5Y*
- 15.55%
- 10Y*
- 13.78%
WMG vs. MNST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WMG Warner Music Group Corp. | -9.36% | 1.36% | -11.48% | 4.44% | -17.21% | 15.31% | 41.85% |
MNST Monster Beverage Corporation | 21.33% | 45.87% | -8.77% | 13.48% | 5.72% | 3.85% | 28.30% |
Correlation
The correlation between WMG and MNST is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.17 |
The correlation between WMG and MNST shifts across timeframes, from 0.04 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
WMG:
$1.16
MNST:
$2.06
WMG:
23.69
MNST:
45.14
WMG:
2.07
MNST:
3.53
WMG:
1.50
MNST:
10.43
WMG:
$7.13B
MNST:
$8.79B
WMG:
$3.17B
MNST:
$4.88B
WMG:
$1.12B
MNST:
$2.70B
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Return for Risk
WMG vs. MNST — Risk / Return Rank
WMG
MNST
WMG vs. MNST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Warner Music Group Corp. (WMG) and Monster Beverage Corporation (MNST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WMG | MNST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.36 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 2.69 | -2.48 |
| Martin ratioReturn relative to average drawdown | 0.51 | 7.70 | -7.19 |
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Drawdowns
WMG vs. MNST - Drawdown Comparison
The maximum WMG drawdown since its inception was -54.04%, smaller than the maximum MNST drawdown of -69.17%. Use the drawdown chart below to compare losses from any high point for WMG and MNST.
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Drawdown Indicators
| WMG | MNST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -69.17% | +15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -30.04% | -17.70% | -12.34% |
Max Drawdown (3Y)Largest decline over 3 years | -33.06% | -26.04% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -54.04% | -26.62% | -27.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.42% | — |
Current DrawdownCurrent decline from peak | -38.48% | -0.23% | -38.25% |
Average DrawdownAverage peak-to-trough decline | -27.06% | -20.65% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 6.18% | +6.25% |
Volatility
WMG vs. MNST - Volatility Comparison
Warner Music Group Corp. (WMG) has a higher volatility of 7.99% compared to Monster Beverage Corporation (MNST) at 4.97%. This indicates that WMG's price experiences larger fluctuations and is considered to be riskier than MNST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMG | MNST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 4.97% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 25.74% | 19.90% | +5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.40% | 26.42% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.76% | 24.63% | +10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.17% | 26.26% | +8.91% |
Dividends
WMG vs. MNST - Dividend Comparison
WMG's dividend yield for the trailing twelve months is around 2.77%, while MNST has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MNST Monster Beverage Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WMG Warner Music Group Corp. | 2.77% | 2.41% | 2.26% | 1.84% | 1.77% | 1.25% | 0.63% |
Financials
WMG vs. MNST - Financials Comparison
This section allows you to compare key financial metrics between Warner Music Group Corp. and Monster Beverage Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WMG vs. MNST - Profitability Comparison
WMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Warner Music Group Corp. reported a gross profit of 802.00M and revenue of 1.73B. Therefore, the gross margin over that period was 46.3%.
MNST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monster Beverage Corporation reported a gross profit of 1.29B and revenue of 2.35B. Therefore, the gross margin over that period was 55.0%.
WMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Warner Music Group Corp. reported an operating income of 264.00M and revenue of 1.73B, resulting in an operating margin of 15.2%.
MNST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monster Beverage Corporation reported an operating income of 729.96M and revenue of 2.35B, resulting in an operating margin of 31.0%.
WMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Warner Music Group Corp. reported a net income of 183.00M and revenue of 1.73B, resulting in a net margin of 10.6%.
MNST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monster Beverage Corporation reported a net income of 569.49M and revenue of 2.35B, resulting in a net margin of 24.2%.
Frequently Asked Questions
WMG and MNST have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMG has higher volatility (7.99%) compared to MNST (4.97%). In terms of maximum drawdown, WMG dropped -54.04% vs MNST's -69.17%.
MNST currently has the higher Sharpe Ratio (1.81 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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