KDP vs MKC: Correlation
How closely do Keurig Dr Pepper (KDP) and McCormick & Company (MKC) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KDP and MKC?
On 3 years of weekly data the KDP/MKC correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 283.9 %².
MKC is one of the assets that tracks KDP most closely: it ranks #3 out of the 30 assets we track against KDP. Their recent paths diverged sharply: over the last 12 months KDP outperformed by 31.2 percentage points (+10.9% for KDP against -20.3% for MKC). The rolling one-year correlation moved between 0.17 and 0.60 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.
KDP vs MKC: side by side
| KDP (Keurig Dr Pepper) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | +10.9% | -20.3% |
| 5-year return | +3.1% | -28.5% |
| Volatility (ann.) | 23.6% | 26.5% |
| Beta vs S&P 500 | 0.14 | 0.24 |
| Max drawdown (3Y) | -31.0% | -44.3% |
| Market cap | $43.4B | $14.7B |
| P/E (trailing) | 32.5 | 9.2 |
| Dividend yield | 2.86% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KDP | MKC |
|---|---|---|
| 2022 | -1.2% | -12.7% |
| 2023 | -4.2% | -15.7% |
| 2024 | -1.1% | +14.0% |
| 2025 | -10.1% | -8.3% |
| 2026 | +16.6% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KDP and MKC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KDP and MKC?
As of 2026-08-27, the correlation of weekly returns between KDP and MKC is 0.45 over 3 years, 0.45 over 1 year and 0.45 over 5 years.
Is MKC a good diversifier for KDP?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/kdp-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kdp-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KDP correlations · MKC correlations
