FLO vs STZ: Correlation
Measured on weekly returns over the past three years, Flowers Foods, Inc. (FLO) and Constellation Brands (STZ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLO and STZ?
Across a 3-year window, the weekly returns of FLO and STZ correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 289.7 %².
Within FLO's tracked universe of 15 assets, STZ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STZ ahead by 34.0 points (-49.7% versus -15.7%).
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.
FLO vs STZ: side by side
| FLO (Flowers Foods, Inc.) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -49.7% | -15.7% |
| 5-year return | -63.2% | -31.9% |
| Volatility (ann.) | 26.8% | 26.6% |
| Beta vs S&P 500 | 0.20 | 0.41 |
| Max drawdown (3Y) | -68.8% | -51.3% |
| Market cap | $1.5B | $22.4B |
| P/E (trailing) | 26.8 | 12.8 |
| Dividend yield | 13.81% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | FLO | STZ |
|---|---|---|
| 2022 | +8.0% | -6.4% |
| 2023 | -18.6% | +5.8% |
| 2024 | -4.3% | -7.1% |
| 2025 | -43.6% | -36.0% |
| 2026 | -33.0% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLO and STZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLO and STZ?
As of 2026-08-27, the correlation of weekly returns between FLO and STZ is 0.41 over 3 years, 0.36 over 1 year and 0.40 over 5 years.
Is STZ a good diversifier for FLO?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flo-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flo-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLO correlations · STZ correlations
