CAG vs VZ: Correlation
Measured on weekly returns over the past three years, ConAgra Brands, Inc. (CAG) and Verizon (VZ) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and VZ?
On 3 years of weekly data the CAG/VZ correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 244.2 %².
By 3-year correlation, VZ places #13 of the 34 assets tracked against CAG. Correlation aside, the last 12 months split them widely, with VZ ahead by 29.1 points (-9.8% versus +19.3%).
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 VZ: side by side
| CAG (ConAgra Brands, Inc.) | VZ (Verizon) | |
|---|---|---|
| 1-year return | -9.8% | +19.3% |
| 5-year return | -36.6% | +23.8% |
| Volatility (ann.) | 24.2% | 22.9% |
| Beta vs S&P 500 | -0.05 | 0.15 |
| Max drawdown (3Y) | -56.7% | -17.0% |
| Market cap | $7.7B | $205.4B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 8.65% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CAG | VZ |
|---|---|---|
| 2022 | +17.5% | -20.0% |
| 2023 | -22.8% | +2.7% |
| 2024 | +1.5% | +13.1% |
| 2025 | -33.3% | +8.9% |
| 2026 | -2.1% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and VZ good diversifiers for each other?
Reasonably. At 0.44, CAG and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CAG and VZ?
As of 2026-08-27, the correlation of weekly returns between CAG and VZ is 0.44 over 3 years, 0.46 over 1 year and 0.39 over 5 years.
Is VZ a good diversifier for CAG?
Reasonably. At 0.44, CAG and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cag-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAG correlations · VZ correlations
