BF.B vs TAP: Correlation
Measured on weekly returns over the past three years, Brown–Forman (BF.B) and Molson Coors Beverage Company (TAP) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and TAP?
On 3 years of weekly data the BF.B/TAP correlation comes out at 0.42, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.42). The 5-year figure is 0.40, and annualized covariance runs at 344.7 %².
Among the 36 assets we track against BF.B, TAP ranks #16 by 3-year correlation. The trailing year gives BF.B the advantage: -7.4% versus -15.0%, a 7.6-point spread. This link changes with the market regime, having swung between 0.10 and 0.61 on a rolling one-year basis.
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.
BF.B vs TAP: side by side
| BF.B (Brown–Forman) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -7.4% | -15.0% |
| 5-year return | -56.8% | +3.9% |
| Volatility (ann.) | 34.0% | 23.9% |
| Beta vs S&P 500 | 0.51 | 0.15 |
| Max drawdown (3Y) | -64.8% | -38.8% |
| Market cap | $12.5B | $7.8B |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 3.26% | 4.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | BF.B | TAP |
|---|---|---|
| 2022 | -8.9% | +14.4% |
| 2023 | -11.9% | +22.2% |
| 2024 | -32.2% | -3.4% |
| 2025 | -29.3% | -15.5% |
| 2026 | +6.6% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and TAP good diversifiers for each other?
Reasonably. At 0.42, BF.B and TAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BF.B and TAP?
The BF.B/TAP correlation stands at 0.42 on a 3-year window (1 year: 0.52, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for BF.B?
Reasonably. At 0.42, BF.B and TAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/bf-b-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bf-b-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BF.B correlations · TAP correlations
