AVY vs COO: Correlation
Avery Dennison (AVY) and Cooper Companies (The) (COO) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVY and COO?
Over the past 3 years, AVY and COO moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 292.8 %².
By 3-year correlation, COO places #19 of the 38 assets tracked against AVY. Over the last 12 months AVY came out ahead by 9.6 percentage points (+5.3% against -4.3%). Stability stands out here, with the rolling one-year correlation confined to 0.41 through 0.62.
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.
AVY vs COO: side by side
| AVY (Avery Dennison) | COO (Cooper Companies (The)) | |
|---|---|---|
| 1-year return | +5.3% | -4.3% |
| 5-year return | -14.0% | -36.8% |
| Volatility (ann.) | 20.2% | 27.7% |
| Beta vs S&P 500 | 0.61 | 0.69 |
| Max drawdown (3Y) | -30.6% | -47.0% |
| Market cap | $13.5B | – |
| P/E (trailing) | 20.0 | 61.7 |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Materials | Health Care |
Year-by-year returns
| Year | AVY | COO |
|---|---|---|
| 2022 | -15.1% | -21.1% |
| 2023 | +13.7% | +14.5% |
| 2024 | -5.9% | -2.8% |
| 2025 | -0.7% | -10.8% |
| 2026 | -0.8% | -13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVY and COO good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVY and COO?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.53 over the last year and 0.52 over 5 years.
Is COO a good diversifier for AVY?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/avy-vs-coo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avy-vs-coo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVY correlations · COO correlations
