ALX vs STZ: Correlation
Measured on weekly returns over the past three years, Alexander's, Inc. (ALX) and Constellation Brands (STZ) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALX and STZ?
Across a 3-year window, the weekly returns of ALX and STZ correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 283.1 %².
By 3-year correlation, STZ places #7 of the 12 assets tracked against ALX. Their recent paths diverged sharply: over the last 12 months ALX outperformed by 39.8 percentage points (+24.1% for ALX against -15.7% for STZ).
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.
ALX vs STZ: side by side
| ALX (Alexander's, Inc.) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | +24.1% | -15.7% |
| 5-year return | +51.5% | -31.9% |
| Volatility (ann.) | 26.4% | 26.6% |
| Beta vs S&P 500 | 0.64 | 0.41 |
| Max drawdown (3Y) | -23.2% | -51.3% |
| Market cap | $1.4B | $22.4B |
| P/E (trailing) | 8.2 | 12.8 |
| Dividend yield | 6.62% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ALX | STZ |
|---|---|---|
| 2022 | -9.1% | -6.4% |
| 2023 | +6.4% | +5.8% |
| 2024 | +1.4% | -7.1% |
| 2025 | +18.4% | -36.0% |
| 2026 | +31.2% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALX and STZ good diversifiers for each other?
Reasonably. At 0.40, ALX and STZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALX and STZ?
The ALX/STZ correlation stands at 0.40 on a 3-year window (1 year: 0.50, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is STZ a good diversifier for ALX?
Reasonably. At 0.40, ALX and STZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/alx-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alx-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALX correlations · STZ correlations
