ITIC vs TAP: Correlation
Investors Title Company (ITIC) and Molson Coors Beverage Company (TAP) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITIC and TAP?
On 3 years of weekly data the ITIC/TAP correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 351.3 %².
Within ITIC's tracked universe of 16 assets, TAP comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ITIC ahead by 42.9 points (+27.9% versus -15.0%).
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.
ITIC vs TAP: side by side
| ITIC (Investors Title Company) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | +27.9% | -15.0% |
| 5-year return | +107.1% | +3.9% |
| Volatility (ann.) | 33.1% | 23.9% |
| Beta vs S&P 500 | 0.67 | 0.15 |
| Max drawdown (3Y) | -28.9% | -38.8% |
| Market cap | $0.6B | $7.8B |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 0.60% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ITIC | TAP |
|---|---|---|
| 2022 | -22.8% | +14.4% |
| 2023 | +14.3% | +22.2% |
| 2024 | +55.0% | -3.4% |
| 2025 | +9.7% | -15.5% |
| 2026 | +22.3% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITIC and TAP good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ITIC and TAP?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.46 over the last year and 0.39 over 5 years.
Is TAP a good diversifier for ITIC?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/itic-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itic-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITIC correlations · TAP correlations
