CCEP vs SYY: Correlation
Coca-Cola Europacific Partners plc (CCEP) and Sysco (SYY) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEP and SYY?
On 3 years of weekly data the CCEP/SYY correlation comes out at 0.40, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.40). The 5-year figure is 0.38, and annualized covariance runs at 158.4 %².
By 3-year correlation, SYY places #9 of the 17 assets tracked against CCEP. Their recent paths diverged sharply: over the last 12 months CCEP outperformed by 18.9 percentage points (+24.5% for CCEP against +5.6% for SYY).
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 SYY: side by side
| CCEP (Coca-Cola Europacific Partners plc) | SYY (Sysco) | |
|---|---|---|
| 1-year return | +24.5% | +5.6% |
| 5-year return | +115.3% | +19.2% |
| Volatility (ann.) | 19.3% | 20.3% |
| Beta vs S&P 500 | 0.39 | 0.14 |
| Max drawdown (3Y) | -18.2% | -24.0% |
| Market cap | $47.4B | $39.5B |
| P/E (trailing) | 21.0 | 22.5 |
| Dividend yield | 1.90% | 2.61% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CCEP | SYY |
|---|---|---|
| 2022 | +2.3% | -0.3% |
| 2023 | +24.5% | -1.7% |
| 2024 | +18.4% | +7.4% |
| 2025 | +21.2% | -1.0% |
| 2026 | +19.6% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEP and SYY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCEP and SYY?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.52 over the last year and 0.38 over 5 years.
Is SYY a good diversifier for CCEP?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccep-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEP correlations · SYY correlations
