KDP vs LINK: Correlation
How closely do Keurig Dr Pepper (KDP) and Interlink Electronics, Inc. (LINK) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KDP and LINK?
On 3 years of weekly data the KDP/LINK correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.19, and annualized covariance runs at -450.9 %².
By 3-year correlation, LINK places #24 of the 30 assets tracked against KDP. The trailing year gives KDP the advantage: +10.9% versus -1.5%, a 12.4-point spread. Note the risk asymmetry: LINK runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KDP vs LINK: side by side
| KDP (Keurig Dr Pepper) | LINK (Interlink Electronics, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | -1.5% |
| 5-year return | +3.1% | +17.2% |
| Volatility (ann.) | 23.6% | 81.3% |
| Beta vs S&P 500 | 0.14 | 1.01 |
| Max drawdown (3Y) | -31.0% | -71.3% |
| Market cap | $43.4B | $0.1B |
| P/E (trailing) | 32.5 | – |
| Dividend yield | 2.86% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KDP | LINK |
|---|---|---|
| 2022 | -1.2% | -15.7% |
| 2023 | -4.2% | +56.5% |
| 2024 | -1.1% | -26.8% |
| 2025 | -10.1% | -6.7% |
| 2026 | +16.6% | +34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KDP and LINK good diversifiers for each other?
Yes. With a correlation of -0.23, KDP and LINK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KDP and LINK?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.32 over the last year and -0.19 over 5 years.
Is LINK a good diversifier for KDP?
Yes. With a correlation of -0.23, KDP and LINK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: KDP correlations · LINK correlations
