CVS vs SBUX: Correlation
Measured on weekly returns over the past three years, CVS Health (CVS) and Starbucks (SBUX) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVS and SBUX?
Across a 3-year window, the weekly returns of CVS and SBUX correlate at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.46) runs above the 3-year figure (0.36). Stretching to 5 years gives 0.34, with an annualized covariance of 419.0 %².
Within CVS's tracked universe of 32 assets, SBUX comes in at #9 by 3-year correlation. The trailing year gives CVS the advantage: +33.3% versus +25.5%, a 7.8-point spread. Across three years, the rolling one-year figure varied moderately, from 0.21 to 0.54.
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.
CVS vs SBUX: side by side
| CVS (CVS Health) | SBUX (Starbucks) | |
|---|---|---|
| 1-year return | +33.3% | +25.5% |
| 5-year return | +29.6% | +4.5% |
| Volatility (ann.) | 34.4% | 34.2% |
| Beta vs S&P 500 | 0.40 | 1.10 |
| Max drawdown (3Y) | -44.0% | -32.0% |
| Market cap | $118.8B | $122.3B |
| P/E (trailing) | 24.8 | 62.7 |
| Dividend yield | 2.82% | 2.29% |
| Sector / category | Health Care | Consumer Discretionary |
Year-by-year returns
| Year | CVS | SBUX |
|---|---|---|
| 2022 | -7.6% | -13.2% |
| 2023 | -12.5% | -1.2% |
| 2024 | -40.8% | -2.5% |
| 2025 | +84.3% | -5.3% |
| 2026 | +19.8% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVS and SBUX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVS and SBUX?
As of 2026-08-27, the correlation of weekly returns between CVS and SBUX is 0.36 over 3 years, 0.46 over 1 year and 0.34 over 5 years.
Is SBUX a good diversifier for CVS?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/cvs-vs-sbux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvs-vs-sbux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVS correlations · SBUX correlations
