BEEP vs CCU: Correlation
How closely do Mobile Infrastructure Corporation (BEEP) and Compania Cervecerias Unidas, S.A. (CCU) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEP and CCU?
Over the past 3 years, BEEP and CCU moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.35 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 695.1 %².
By 3-year correlation, CCU places #4 of the 11 assets tracked against BEEP. Their recent paths diverged sharply: over the last 12 months CCU outperformed by 22.1 percentage points (-21.3% for BEEP against +0.8% for CCU). Note the risk asymmetry: BEEP runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BEEP vs CCU: side by side
| BEEP (Mobile Infrastructure Corporation) | CCU (Compania Cervecerias Unidas, S.A.) | |
|---|---|---|
| 1-year return | -21.3% | +0.8% |
| 5-year return | n/a | -22.7% |
| Volatility (ann.) | 69.9% | 28.3% |
| Beta vs S&P 500 | 1.14 | 0.60 |
| Max drawdown (3Y) | -86.7% | -30.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 20.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEEP | CCU |
|---|---|---|
| 2022 | – | -15.0% |
| 2023 | – | -2.5% |
| 2024 | +11.1% | -6.2% |
| 2025 | -43.3% | +14.2% |
| 2026 | +17.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEP and CCU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BEEP and CCU?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.39 over the last year and n/a over 5 years.
Is CCU a good diversifier for BEEP?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/beep-vs-ccu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beep-vs-ccu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEEP correlations · CCU correlations
