CHD vs TAP: Correlation
Measured on weekly returns over the past three years, Church & Dwight (CHD) and Molson Coors Beverage Company (TAP) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and TAP?
Over the past 3 years, CHD and TAP moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 149.8 %².
By 3-year correlation, TAP places #8 of the 27 assets tracked against CHD. Their recent paths diverged sharply: over the last 12 months CHD outperformed by 26.5 percentage points (+11.5% for CHD against -15.0% for TAP). The rolling one-year correlation moved between 0.08 and 0.51 over the past three years, a moderate range.
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.
CHD vs TAP: side by side
| CHD (Church & Dwight) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | +11.5% | -15.0% |
| 5-year return | +30.0% | +3.9% |
| Volatility (ann.) | 17.6% | 23.9% |
| Beta vs S&P 500 | 0.07 | 0.15 |
| Max drawdown (3Y) | -27.3% | -38.8% |
| Market cap | $24.3B | $7.8B |
| P/E (trailing) | 33.0 | – |
| Dividend yield | 1.17% | 4.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | CHD | TAP |
|---|---|---|
| 2022 | -20.4% | +14.4% |
| 2023 | +18.7% | +22.2% |
| 2024 | +12.0% | -3.4% |
| 2025 | -18.9% | -15.5% |
| 2026 | +23.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and TAP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHD and TAP?
As of 2026-08-27, the correlation of weekly returns between CHD and TAP is 0.36 over 3 years, 0.45 over 1 year and 0.36 over 5 years.
Is TAP a good diversifier for CHD?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/chd-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chd-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHD correlations · TAP correlations
