FTH vs TAP: Correlation
How closely do Faeth Therapeutics, Inc. (FTH) and Molson Coors Beverage Company (TAP) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTH and TAP?
Over the past 3 years, FTH and TAP moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -981.7 %².
Within FTH's tracked universe of 19 assets, TAP comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FTH outperformed by 335.7 percentage points (+320.7% for FTH against -15.0% for TAP). Risk is not evenly split, since FTH carries 7.9 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.
FTH vs TAP: side by side
| FTH (Faeth Therapeutics, Inc.) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | +320.7% | -15.0% |
| 5-year return | -83.6% | +3.9% |
| Volatility (ann.) | 189.5% | 23.9% |
| Beta vs S&P 500 | 1.77 | 0.15 |
| Max drawdown (3Y) | -84.3% | -38.8% |
| Market cap | $0.9B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | FTH | TAP |
|---|---|---|
| 2022 | -74.3% | +14.4% |
| 2023 | -53.6% | +22.2% |
| 2024 | -29.2% | -3.4% |
| 2025 | +8.9% | -15.5% |
| 2026 | +216.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTH and TAP good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTH and TAP?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and -0.14 over 5 years.
Is TAP a good diversifier for FTH?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/fth-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fth-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTH correlations · TAP correlations
