CPB vs VZ: Correlation
Measured on weekly returns over the past three years, The Campbell's Company (CPB) and Verizon (VZ) 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 CPB and VZ?
Across a 3-year window, the weekly returns of CPB and VZ correlate at 0.40, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.40). Stretching to 5 years gives 0.33, with an annualized covariance of 225.5 %².
Among the 20 assets we track against CPB, VZ ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VZ ahead by 42.1 points (-22.8% versus +19.3%).
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 VZ: side by side
| CPB (The Campbell's Company) | VZ (Verizon) | |
|---|---|---|
| 1-year return | -22.8% | +19.3% |
| 5-year return | -30.8% | +23.8% |
| Volatility (ann.) | 24.5% | 22.9% |
| Beta vs S&P 500 | 0.07 | 0.15 |
| Max drawdown (3Y) | -58.1% | -17.0% |
| Market cap | – | $205.4B |
| P/E (trailing) | 11.4 | 12.9 |
| Dividend yield | 6.72% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CPB | VZ |
|---|---|---|
| 2022 | +34.8% | -20.0% |
| 2023 | -21.5% | +2.7% |
| 2024 | +0.1% | +13.1% |
| 2025 | -30.5% | +8.9% |
| 2026 | -12.2% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and VZ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPB and VZ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.30 over the last year and 0.33 over 5 years.
Is VZ a good diversifier for CPB?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpb-vs-vz.json
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Related comparisons
Hubs: CPB correlations · VZ correlations
