KDP vs TVRD: Correlation
Keurig Dr Pepper (KDP) and Tvardi Therapeutics, Inc. (TVRD) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KDP and TVRD?
Across a 3-year window, the weekly returns of KDP and TVRD correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Stretching to 5 years gives -0.17, with an annualized covariance of -669.8 %².
Out of 30 assets tracked against KDP, TVRD lands near the bottom at #26. The last year tells two different stories: KDP led by 105.0 percentage points, +10.9% for KDP against -94.1% for TVRD. Risk is not evenly split, since TVRD carries 5.1 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 TVRD: side by side
| KDP (Keurig Dr Pepper) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +10.9% | -94.1% |
| 5-year return | +3.1% | -99.7% |
| Volatility (ann.) | 23.6% | 119.7% |
| Beta vs S&P 500 | 0.14 | 1.39 |
| Max drawdown (3Y) | -31.0% | -98.5% |
| 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 | TVRD |
|---|---|---|
| 2022 | -1.2% | -11.8% |
| 2023 | -4.2% | -93.1% |
| 2024 | -1.1% | -31.4% |
| 2025 | -10.1% | -76.6% |
| 2026 | +16.6% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KDP and TVRD good diversifiers for each other?
Yes. With a correlation of -0.24, KDP and TVRD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KDP and TVRD?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.17 over 5 years.
Is TVRD a good diversifier for KDP?
Yes. With a correlation of -0.24, KDP and TVRD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kdp-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kdp-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KDP correlations · TVRD correlations
