KDP vs NTRP: Correlation
Measured on weekly returns over the past three years, Keurig Dr Pepper (KDP) and NextTrip, Inc. (NTRP) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KDP and NTRP?
Across a 3-year window, the weekly returns of KDP and NTRP correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.26 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -868.3 %².
Out of 30 assets tracked against KDP, NTRP lands near the bottom at #29. The last year tells two different stories: KDP led by 72.7 percentage points, +10.9% for KDP against -61.8% for NTRP. Risk is not evenly split, since NTRP carries 5.9 times the volatility of the other side.
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 NTRP: side by side
| KDP (Keurig Dr Pepper) | NTRP (NextTrip, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | -61.8% |
| 5-year return | +3.1% | -98.0% |
| Volatility (ann.) | 23.6% | 139.9% |
| Beta vs S&P 500 | 0.14 | 0.04 |
| Max drawdown (3Y) | -31.0% | -84.7% |
| Market cap | $43.4B | – |
| P/E (trailing) | 32.5 | – |
| Dividend yield | 2.86% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KDP | NTRP |
|---|---|---|
| 2022 | -1.2% | -78.3% |
| 2023 | -4.2% | -62.2% |
| 2024 | -1.1% | +99.5% |
| 2025 | -10.1% | -46.4% |
| 2026 | +16.6% | -57.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KDP and NTRP good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KDP and NTRP?
The KDP/NTRP correlation stands at -0.26 on a 3-year window (1 year: -0.38, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is NTRP a good diversifier for KDP?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kdp-vs-ntrp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kdp-vs-ntrp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KDP correlations · NTRP correlations
