KDP vs ZCMD: Correlation
How closely do Keurig Dr Pepper (KDP) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KDP and ZCMD?
Over the past 3 years, KDP and ZCMD moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.22 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -723.1 %².
Among the 30 assets we track against KDP, ZCMD ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KDP outperformed by 110.8 percentage points (+10.9% for KDP against -99.9% for ZCMD). One caveat on sizing: ZCMD is 6.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZCMD: side by side
| KDP (Keurig Dr Pepper) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +10.9% | -99.9% |
| 5-year return | +3.1% | -100.0% |
| Volatility (ann.) | 23.6% | 141.8% |
| Beta vs S&P 500 | 0.14 | 0.59 |
| Max drawdown (3Y) | -31.0% | -100.0% |
| 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 | ZCMD |
|---|---|---|
| 2022 | -1.2% | -35.4% |
| 2023 | -4.2% | -69.5% |
| 2024 | -1.1% | -53.8% |
| 2025 | -10.1% | -72.2% |
| 2026 | +16.6% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KDP and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between KDP and ZCMD?
The KDP/ZCMD correlation stands at -0.22 on a 3-year window (1 year: -0.33, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is ZCMD a good diversifier for KDP?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kdp-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KDP correlations · ZCMD correlations
