CCEP vs MKC: Correlation
Coca-Cola Europacific Partners plc (CCEP) and McCormick & Company (MKC) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEP and MKC?
Over the past 3 years, CCEP and MKC moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.47). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 238.3 %².
Among the 17 assets we track against CCEP, MKC ranks #6 by 3-year correlation. The last year tells two different stories: CCEP led by 44.8 percentage points, +24.5% for CCEP against -20.3% for MKC.
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 MKC: side by side
| CCEP (Coca-Cola Europacific Partners plc) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | +24.5% | -20.3% |
| 5-year return | +115.3% | -28.5% |
| Volatility (ann.) | 19.3% | 26.5% |
| Beta vs S&P 500 | 0.39 | 0.24 |
| Max drawdown (3Y) | -18.2% | -44.3% |
| Market cap | $47.4B | $14.7B |
| P/E (trailing) | 21.0 | 9.2 |
| Dividend yield | 1.90% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CCEP | MKC |
|---|---|---|
| 2022 | +2.3% | -12.7% |
| 2023 | +24.5% | -15.7% |
| 2024 | +18.4% | +14.0% |
| 2025 | +21.2% | -8.3% |
| 2026 | +19.6% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEP and MKC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCEP and MKC?
As of 2026-08-27, the correlation of weekly returns between CCEP and MKC is 0.47 over 3 years, 0.58 over 1 year and 0.40 over 5 years.
Is MKC a good diversifier for CCEP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccep-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccep-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCEP correlations · MKC correlations
