CCEP vs FSV: Correlation
How closely do Coca-Cola Europacific Partners plc (CCEP) and FirstService Corporation (FSV) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEP and FSV?
On 3 years of weekly data the CCEP/FSV correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 204.8 %².
Within CCEP's tracked universe of 17 assets, FSV comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CCEP outperformed by 53.8 percentage points (+24.5% for CCEP against -29.3% for FSV).
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.
CCEP vs FSV: side by side
| CCEP (Coca-Cola Europacific Partners plc) | FSV (FirstService Corporation) | |
|---|---|---|
| 1-year return | +24.5% | -29.3% |
| 5-year return | +115.3% | -21.9% |
| Volatility (ann.) | 19.3% | 22.3% |
| Beta vs S&P 500 | 0.39 | 0.62 |
| Max drawdown (3Y) | -18.2% | -39.4% |
| Market cap | $47.4B | $6.2B |
| P/E (trailing) | 21.0 | 40.7 |
| Dividend yield | 1.90% | 0.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCEP | FSV |
|---|---|---|
| 2022 | +2.3% | -37.2% |
| 2023 | +24.5% | +33.1% |
| 2024 | +18.4% | +12.3% |
| 2025 | +21.2% | -13.5% |
| 2026 | +19.6% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEP and FSV good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCEP and FSV?
As of 2026-08-27, the correlation of weekly returns between CCEP and FSV is 0.48 over 3 years, 0.50 over 1 year and 0.43 over 5 years.
Is FSV a good diversifier for CCEP?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/ccep-vs-fsv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccep-vs-fsv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEP correlations · FSV correlations
