KITT vs TAP: Correlation
How closely do Nauticus Robotics, Inc. (KITT) and Molson Coors Beverage Company (TAP) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KITT and TAP?
Over the past 3 years, KITT and TAP moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.19). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -602.2 %².
TAP is close to the least connected end of KITT's tracked universe, ranking #14 of 14. Correlation aside, the last 12 months split them widely, with TAP ahead by 83.9 points (-98.9% versus -15.0%). Note the risk asymmetry: KITT runs 5.6 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.
KITT vs TAP: side by side
| KITT (Nauticus Robotics, Inc.) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -98.9% | -15.0% |
| 5-year return | -100.0% | +3.9% |
| Volatility (ann.) | 133.4% | 23.9% |
| Beta vs S&P 500 | 1.50 | 0.15 |
| Max drawdown (3Y) | -100.0% | -38.8% |
| Market cap | – | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | KITT | TAP |
|---|---|---|
| 2022 | -62.4% | +14.4% |
| 2023 | -81.9% | +22.2% |
| 2024 | -93.6% | -3.4% |
| 2025 | -94.5% | -15.5% |
| 2026 | -87.0% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KITT and TAP good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between KITT and TAP?
The KITT/TAP correlation stands at -0.19 on a 3-year window (1 year: -0.08, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for KITT?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/kitt-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kitt-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KITT correlations · TAP correlations
