CCK vs MKC: Correlation
Measured on weekly returns over the past three years, Crown Holdings, Inc. (CCK) and McCormick & Company (MKC) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCK and MKC?
Over the past 3 years, CCK and MKC moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 310.2 %².
By 3-year correlation, MKC places #8 of the 14 assets tracked against CCK. Correlation aside, the last 12 months split them widely, with CCK ahead by 39.3 points (+19.0% versus -20.3%).
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.
CCK vs MKC: side by side
| CCK (Crown Holdings, Inc.) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | +19.0% | -20.3% |
| 5-year return | +12.7% | -28.5% |
| Volatility (ann.) | 24.9% | 26.5% |
| Beta vs S&P 500 | 0.48 | 0.24 |
| Max drawdown (3Y) | -23.1% | -44.3% |
| Market cap | $12.8B | $14.7B |
| P/E (trailing) | 17.1 | 9.2 |
| Dividend yield | 1.02% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CCK | MKC |
|---|---|---|
| 2022 | -25.0% | -12.7% |
| 2023 | +13.3% | -15.7% |
| 2024 | -9.1% | +14.0% |
| 2025 | +25.9% | -8.3% |
| 2026 | +15.1% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCK 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 CCK and MKC?
The CCK/MKC correlation stands at 0.47 on a 3-year window (1 year: 0.47, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is MKC a good diversifier for CCK?
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?
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/cck-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cck-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCK correlations · MKC correlations
