DFSC vs TAP: Correlation
Measured on weekly returns over the past three years, DEFSEC Technologies Inc. (DFSC) and Molson Coors Beverage Company (TAP) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFSC and TAP?
Over the past 3 years, DFSC and TAP moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -702.1 %².
Among the 14 assets we track against DFSC, TAP sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with TAP ahead by 29.1 points (-44.1% versus -15.0%). Risk is not evenly split, since DFSC carries 6.4 times the volatility of the other side.
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.
DFSC vs TAP: side by side
| DFSC (DEFSEC Technologies Inc.) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -44.1% | -15.0% |
| 5-year return | -100.0% | +3.9% |
| Volatility (ann.) | 152.6% | 23.9% |
| Beta vs S&P 500 | 0.90 | 0.15 |
| Max drawdown (3Y) | -99.9% | -38.8% |
| Market cap | – | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | DFSC | TAP |
|---|---|---|
| 2022 | -96.2% | +14.4% |
| 2023 | -65.1% | +22.2% |
| 2024 | -92.2% | -3.4% |
| 2025 | -88.4% | -15.5% |
| 2026 | +9.4% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFSC and TAP good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFSC and TAP?
The DFSC/TAP correlation stands at -0.19 on a 3-year window (1 year: -0.22, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for DFSC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/dfsc-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dfsc-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFSC correlations · TAP correlations
