APOG vs STZ: Correlation
Measured on weekly returns over the past three years, Apogee Enterprises, Inc. (APOG) and Constellation Brands (STZ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and STZ?
Across a 3-year window, the weekly returns of APOG and STZ correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 455.2 %².
By 3-year correlation, STZ places #6 of the 15 assets tracked against APOG. On 12-month performance APOG holds a 10.0-point edge, -5.7% against -15.7%. One caveat on sizing: APOG is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
APOG vs STZ: side by side
| APOG (Apogee Enterprises, Inc.) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -5.7% | -15.7% |
| 5-year return | +5.1% | -31.9% |
| Volatility (ann.) | 41.4% | 26.6% |
| Beta vs S&P 500 | 0.88 | 0.41 |
| Max drawdown (3Y) | -62.5% | -51.3% |
| Market cap | $0.8B | $22.4B |
| P/E (trailing) | 12.7 | 12.8 |
| Dividend yield | 2.59% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | APOG | STZ |
|---|---|---|
| 2022 | -5.7% | -6.4% |
| 2023 | +22.8% | +5.8% |
| 2024 | +35.8% | -7.1% |
| 2025 | -47.8% | -36.0% |
| 2026 | +14.0% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and STZ good diversifiers for each other?
Reasonably. At 0.41, APOG and STZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APOG and STZ?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.43 over the last year and 0.40 over 5 years.
Is STZ a good diversifier for APOG?
Reasonably. At 0.41, APOG and STZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apog-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apog-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APOG correlations · STZ correlations
