COCO vs STX: Correlation
Measured on weekly returns over the past three years, The Vita Coco Company, Inc. (COCO) and Seagate Technology (STX) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COCO and STX?
Over the past 3 years, COCO and STX moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.40). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 988.2 %².
In COCO's tracked universe of 10 assets, STX sits right near the top at #1. The last year tells two different stories: STX led by 332.9 percentage points, +77.9% for COCO against +410.8% for STX.
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 STX: side by side
| COCO (The Vita Coco Company, Inc.) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | +77.9% | +410.8% |
| 5-year return | +355.8% | +1032.5% |
| Volatility (ann.) | 48.3% | 51.3% |
| Beta vs S&P 500 | 1.00 | 1.97 |
| Max drawdown (3Y) | -38.5% | -40.0% |
| Market cap | $3.6B | $192.0B |
| P/E (trailing) | 34.6 | 61.0 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | COCO | STX |
|---|---|---|
| 2022 | +23.7% | -51.4% |
| 2023 | +85.6% | +69.1% |
| 2024 | +43.9% | +4.1% |
| 2025 | +43.6% | +225.3% |
| 2026 | +16.3% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COCO and STX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COCO and STX?
As of 2026-08-27, the correlation of weekly returns between COCO and STX is 0.40 over 3 years, 0.54 over 1 year and 0.36 over 5 years.
Is STX a good diversifier for COCO?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coco-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COCO correlations · STX correlations
