CCK vs SLGN: Correlation
Measured on weekly returns over the past three years, Crown Holdings, Inc. (CCK) and Silgan Holdings Inc. (SLGN) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCK and SLGN?
On 3 years of weekly data the CCK/SLGN correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 474.4 %².
In CCK's tracked universe of 14 assets, SLGN sits right near the top at #1. Correlation aside, the last 12 months split them widely, with CCK ahead by 26.9 points (+19.0% versus -7.9%).
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 SLGN: side by side
| CCK (Crown Holdings, Inc.) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | +19.0% | -7.9% |
| 5-year return | +12.7% | +5.9% |
| Volatility (ann.) | 24.9% | 29.4% |
| Beta vs S&P 500 | 0.48 | 0.58 |
| Max drawdown (3Y) | -23.1% | -35.0% |
| Market cap | $12.8B | $4.4B |
| P/E (trailing) | 17.1 | 16.9 |
| Dividend yield | 1.02% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCK | SLGN |
|---|---|---|
| 2022 | -25.0% | +22.7% |
| 2023 | +13.3% | -11.3% |
| 2024 | -9.1% | +16.8% |
| 2025 | +25.9% | -21.1% |
| 2026 | +15.1% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCK and SLGN good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCK and SLGN?
As of 2026-08-27, the correlation of weekly returns between CCK and SLGN is 0.65 over 3 years, 0.72 over 1 year and 0.55 over 5 years.
Is SLGN a good diversifier for CCK?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cck-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCK correlations · SLGN correlations
