COCO vs PWR: Correlation
The Vita Coco Company, Inc. (COCO) and Quanta Services (PWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COCO and PWR?
Across a 3-year window, the weekly returns of COCO and PWR correlate at 0.39, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.39). Stretching to 5 years gives 0.30, with an annualized covariance of 638.2 %².
Within COCO's tracked universe of 10 assets, PWR comes in at #4 by 3-year correlation. On 12-month performance COCO holds a 14.8-point edge, +77.9% against +63.1%.
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.
COCO vs PWR: side by side
| COCO (The Vita Coco Company, Inc.) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | +77.9% | +63.1% |
| 5-year return | +355.8% | +506.1% |
| Volatility (ann.) | 48.3% | 33.9% |
| Beta vs S&P 500 | 1.00 | 1.29 |
| Max drawdown (3Y) | -38.5% | -33.9% |
| Market cap | $3.6B | $93.5B |
| P/E (trailing) | 34.6 | 70.4 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | COCO | PWR |
|---|---|---|
| 2022 | +23.7% | +24.6% |
| 2023 | +85.6% | +51.7% |
| 2024 | +43.9% | +46.6% |
| 2025 | +43.6% | +33.7% |
| 2026 | +16.3% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COCO and PWR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COCO and PWR?
As of 2026-08-27, the correlation of weekly returns between COCO and PWR is 0.39 over 3 years, 0.55 over 1 year and 0.30 over 5 years.
Is PWR a good diversifier for COCO?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/coco-vs-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coco-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COCO correlations · PWR correlations
