IPDN vs KDP: Correlation
How closely do Professional Diversity Network, Inc. (IPDN) and Keurig Dr Pepper (KDP) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPDN and KDP?
Over the past 3 years, IPDN and KDP moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -1198.5 %².
KDP is close to the least connected end of IPDN's tracked universe, ranking #13 of 13. Their recent paths diverged sharply: over the last 12 months KDP outperformed by 104.4 percentage points (-93.5% for IPDN against +10.9% for KDP). One caveat on sizing: IPDN is 8.2 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.
IPDN vs KDP: side by side
| IPDN (Professional Diversity Network, Inc.) | KDP (Keurig Dr Pepper) | |
|---|---|---|
| 1-year return | -93.5% | +10.9% |
| 5-year return | -99.5% | +3.1% |
| Volatility (ann.) | 192.4% | 23.6% |
| Beta vs S&P 500 | 1.06 | 0.14 |
| Max drawdown (3Y) | -99.6% | -31.0% |
| Market cap | – | $43.4B |
| P/E (trailing) | – | 32.5 |
| Dividend yield | 0.00% | 2.86% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | IPDN | KDP |
|---|---|---|
| 2022 | +5.1% | -1.2% |
| 2023 | -1.5% | -4.2% |
| 2024 | -75.4% | -1.1% |
| 2025 | -77.2% | -10.1% |
| 2026 | -89.0% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPDN and KDP good diversifiers for each other?
Yes. With a correlation of -0.26, IPDN and KDP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IPDN and KDP?
The IPDN/KDP correlation stands at -0.26 on a 3-year window (1 year: 0.06, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is KDP a good diversifier for IPDN?
Yes. With a correlation of -0.26, IPDN and KDP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IPDN correlations · KDP correlations
