GIS vs TAP: Correlation
How closely do General Mills (GIS) and Molson Coors Beverage Company (TAP) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and TAP?
Across a 3-year window, the weekly returns of GIS and TAP correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.36, with an annualized covariance of 200.1 %².
By 3-year correlation, TAP places #16 of the 38 assets tracked against GIS. Twelve-month performance is nearly a tie, at -12.8% for GIS and -15.0% for TAP. The rolling one-year correlation moved between 0.16 and 0.61 over the past three years, a moderate range.
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.
GIS vs TAP: side by side
| GIS (General Mills) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -12.8% | -15.0% |
| 5-year return | -14.6% | +3.9% |
| Volatility (ann.) | 20.6% | 23.9% |
| Beta vs S&P 500 | -0.05 | 0.15 |
| Max drawdown (3Y) | -53.4% | -38.8% |
| Market cap | $21.6B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 6.09% | 4.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | GIS | TAP |
|---|---|---|
| 2022 | +28.1% | +14.4% |
| 2023 | -20.0% | +22.2% |
| 2024 | +1.4% | -3.4% |
| 2025 | -23.7% | -15.5% |
| 2026 | -8.8% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and TAP good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GIS and TAP?
As of 2026-08-27, the correlation of weekly returns between GIS and TAP is 0.41 over 3 years, 0.51 over 1 year and 0.36 over 5 years.
Is TAP a good diversifier for GIS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/gis-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gis-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIS correlations · TAP correlations
