DEO vs STZ: Correlation
Diageo plc (DEO) and Constellation Brands (STZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEO and STZ?
On 3 years of weekly data the DEO/STZ correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 314.1 %².
By 3-year correlation, STZ places #7 of the 13 assets tracked against DEO. Their 12-month results are close: -14.8% for DEO against -15.7% for STZ.
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.
DEO vs STZ: side by side
| DEO (Diageo plc) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -14.8% | -15.7% |
| 5-year return | -45.7% | -31.9% |
| Volatility (ann.) | 26.8% | 26.6% |
| Beta vs S&P 500 | 0.68 | 0.41 |
| Max drawdown (3Y) | -54.4% | -51.3% |
| Market cap | $51.2B | $22.4B |
| P/E (trailing) | 29.5 | 12.8 |
| Dividend yield | 0.53% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | DEO | STZ |
|---|---|---|
| 2022 | -17.4% | -6.4% |
| 2023 | -16.3% | +5.8% |
| 2024 | -10.1% | -7.1% |
| 2025 | -29.3% | -36.0% |
| 2026 | +7.8% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEO and STZ good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DEO and STZ?
As of 2026-08-27, the correlation of weekly returns between DEO and STZ is 0.44 over 3 years, 0.38 over 1 year and 0.45 over 5 years.
Is STZ a good diversifier for DEO?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/deo-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/deo-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DEO correlations · STZ correlations
