CAG vs TSN: Correlation
Measured on weekly returns over the past three years, ConAgra Brands, Inc. (CAG) and Tyson Foods (TSN) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and TSN?
Over the past 3 years, CAG and TSN moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 249.7 %².
Among the 34 assets we track against CAG, TSN ranks #11 by 3-year correlation. The trailing year gives TSN the advantage: -9.8% versus -0.3%, a 9.5-point spread.
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.
CAG vs TSN: side by side
| CAG (ConAgra Brands, Inc.) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | -9.8% | -0.3% |
| 5-year return | -36.6% | -17.3% |
| Volatility (ann.) | 24.2% | 22.8% |
| Beta vs S&P 500 | -0.05 | 0.19 |
| Max drawdown (3Y) | -56.7% | -20.3% |
| Market cap | $7.7B | $19.5B |
| P/E (trailing) | – | 35.0 |
| Dividend yield | 8.65% | 0.88% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CAG | TSN |
|---|---|---|
| 2022 | +17.5% | -26.9% |
| 2023 | -22.8% | -10.4% |
| 2024 | +1.5% | +10.5% |
| 2025 | -33.3% | +5.7% |
| 2026 | -2.1% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and TSN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CAG and TSN?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.47 over the last year and 0.43 over 5 years.
Is TSN a good diversifier for CAG?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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/cag-vs-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cag-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAG correlations · TSN correlations
