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CCK vs GEF: Correlation

Measured on weekly returns over the past three years, Crown Holdings, Inc. (CCK) and Greif Inc. (GEF) carry a correlation of 0.57, a moderate link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.57
moderate
Correlation (1Y)
0.68
last 12 months
Correlation (5Y)
0.52
long-run
Ann. covariance
397.9
%² · weekly, annualized

How correlated are CCK and GEF?

Across a 3-year window, the weekly returns of CCK and GEF correlate at 0.57, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.57 over 3 years. Stretching to 5 years gives 0.52, with an annualized covariance of 397.9 %².

Among the 14 assets we track against CCK, GEF ranks #4 by 3-year correlation. Over the last 12 months GEF came out ahead by 13.9 percentage points (+19.0% against +32.9%).

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.

CCK vs GEF: side by side

CCK (Crown Holdings, Inc.)GEF (Greif Inc.)
1-year return+19.0%+32.9%
5-year return+12.7%+58.9%
Volatility (ann.)24.9%27.9%
Beta vs S&P 5000.480.71
Max drawdown (3Y)-23.1%-30.8%
Market cap$12.8B$4.8B
P/E (trailing)17.134.9
Dividend yield1.02%4.84%
Sector / categoryUS ListedUS Listed
Lower P/E: CCK 17.1 vs 34.9Higher yield: GEF 4.84% vs 1.02%Smaller drawdown: CCK -23.1% vs -30.8%Higher 5y return: GEF +58.9% vs +12.7%
-6%0%+50%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). CCK · GEF

Year-by-year returns

YearCCKGEF
2022-25.0%+14.5%
2023+13.3%+0.9%
2024-9.1%-3.6%
2025+25.9%+14.8%
2026+15.1%+27.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are CCK and GEF good diversifiers for each other?

Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.

FAQ

What is the correlation between CCK and GEF?

The CCK/GEF correlation stands at 0.57 on a 3-year window (1 year: 0.68, 5 years: 0.52), computed from weekly returns as of 2026-08-27.

Is GEF a good diversifier for CCK?

Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.

What does a correlation of 0.57 mean?

On the −1 to +1 scale, 0.57 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.

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CCK vs GEF: 3-year weekly correlation 0.57CCK vs GEF0.57

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Related comparisons

Hubs: CCK correlations · GEF correlations