EL vs KDP: Correlation
Estée Lauder Companies (The) (EL) and Keurig Dr Pepper (KDP) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and KDP?
Over the past 3 years, EL and KDP moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 262.3 %².
By 3-year correlation, KDP places #22 of the 35 assets tracked against EL. On 12-month performance EL holds a 5.5-point edge, +16.4% against +10.9%. On a rolling one-year basis the correlation drifted between -0.01 and 0.44, a moderate band. One caveat on sizing: EL is 2.0 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.
EL vs KDP: side by side
| EL (Estée Lauder Companies (The)) | KDP (Keurig Dr Pepper) | |
|---|---|---|
| 1-year return | +16.4% | +10.9% |
| 5-year return | -66.7% | +3.1% |
| Volatility (ann.) | 47.0% | 23.6% |
| Beta vs S&P 500 | 1.28 | 0.14 |
| Max drawdown (3Y) | -68.4% | -31.0% |
| Market cap | $38.4B | $43.4B |
| P/E (trailing) | 208.3 | 32.5 |
| Dividend yield | 1.33% | 2.86% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | EL | KDP |
|---|---|---|
| 2022 | -32.3% | -1.2% |
| 2023 | -40.1% | -4.2% |
| 2024 | -47.6% | -1.1% |
| 2025 | +42.1% | -10.1% |
| 2026 | +2.1% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and KDP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EL and KDP?
The EL/KDP correlation stands at 0.24 on a 3-year window (1 year: 0.30, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is KDP a good diversifier for EL?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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/el-vs-kdp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/el-vs-kdp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EL correlations · KDP correlations
