CRWD vs PEP: Correlation
CrowdStrike (CRWD) and PepsiCo (PEP) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and PEP?
Over the past 3 years, CRWD and PEP moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.27 over 3. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -263.4 %².
Among the 31 assets we track against CRWD, PEP sits near the bottom by co-movement, at rank #28. Correlation aside, the last 12 months split them widely, with CRWD ahead by 117.4 points (+115.8% versus -1.6%). Across three years, the rolling one-year figure varied moderately, from -0.38 to -0.01. One caveat on sizing: CRWD is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CRWD vs PEP: side by side
| CRWD (CrowdStrike) | PEP (PepsiCo) | |
|---|---|---|
| 1-year return | +115.8% | -1.6% |
| 5-year return | +218.4% | +4.9% |
| Volatility (ann.) | 50.2% | 19.1% |
| Beta vs S&P 500 | 1.87 | 0.13 |
| Max drawdown (3Y) | -44.4% | -27.5% |
| Market cap | $233.4B | $190.9B |
| P/E (trailing) | 3256.6 | 18.6 |
| Dividend yield | 0.00% | 4.04% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | CRWD | PEP |
|---|---|---|
| 2022 | -48.6% | +6.8% |
| 2023 | +142.5% | -3.3% |
| 2024 | +34.0% | -7.6% |
| 2025 | +37.0% | -1.8% |
| 2026 | +94.5% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRWD and PEP good diversifiers for each other?
Yes. With a correlation of -0.27, CRWD and PEP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRWD and PEP?
As of 2026-08-27, the correlation of weekly returns between CRWD and PEP is -0.27 over 3 years, -0.31 over 1 year and -0.15 over 5 years.
Is PEP a good diversifier for CRWD?
Yes. With a correlation of -0.27, CRWD and PEP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crwd-vs-pep.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crwd-vs-pep/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRWD correlations · PEP correlations
