CPB vs PPC: Correlation
The Campbell's Company (CPB) and Pilgrim's Pride Corporation (PPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPB and PPC?
Over the past 3 years, CPB and PPC moved with a correlation of 0.38, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.38 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 284.0 %².
Within CPB's tracked universe of 20 assets, PPC comes in at #13 by 3-year correlation. The trailing year gives CPB the advantage: -22.8% versus -30.8%, a 8.0-point spread.
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.
CPB vs PPC: side by side
| CPB (The Campbell's Company) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | -22.8% | -30.8% |
| 5-year return | -30.8% | +32.4% |
| Volatility (ann.) | 24.5% | 30.3% |
| Beta vs S&P 500 | 0.07 | -0.17 |
| Max drawdown (3Y) | -58.1% | -49.2% |
| Market cap | – | $7.4B |
| P/E (trailing) | 11.4 | 13.6 |
| Dividend yield | 6.72% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPB | PPC |
|---|---|---|
| 2022 | +34.8% | -15.9% |
| 2023 | -21.5% | +16.6% |
| 2024 | +0.1% | +64.1% |
| 2025 | -30.5% | +1.4% |
| 2026 | -12.2% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and PPC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPB and PPC?
As of 2026-08-27, the correlation of weekly returns between CPB and PPC is 0.38 over 3 years, 0.54 over 1 year and 0.27 over 5 years.
Is PPC a good diversifier for CPB?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/cpb-vs-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpb-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPB correlations · PPC correlations
