KR vs TAP: Correlation
Kroger (KR) and Molson Coors Beverage Company (TAP) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KR and TAP?
On 3 years of weekly data the KR/TAP correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 161.9 %².
Among the 55 assets we track against KR, TAP ranks #17 by 3-year correlation. Twelve-month performance is nearly a tie, at -14.4% for KR and -15.0% for TAP. On a rolling one-year basis the correlation drifted between 0.04 and 0.45, a moderate band.
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.
KR vs TAP: side by side
| KR (Kroger) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -14.4% | -15.0% |
| 5-year return | +37.3% | +3.9% |
| Volatility (ann.) | 23.4% | 23.9% |
| Beta vs S&P 500 | -0.16 | 0.15 |
| Max drawdown (3Y) | -26.2% | -38.8% |
| Market cap | – | $7.8B |
| P/E (trailing) | 33.3 | – |
| Dividend yield | 1.79% | 4.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KR | TAP |
|---|---|---|
| 2022 | +0.4% | +14.4% |
| 2023 | +5.0% | +22.2% |
| 2024 | +36.9% | -3.4% |
| 2025 | +4.3% | -15.5% |
| 2026 | -7.3% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KR and TAP good diversifiers for each other?
Reasonably. At 0.29, KR and TAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KR and TAP?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.37 over the last year and 0.26 over 5 years.
Is TAP a good diversifier for KR?
Reasonably. At 0.29, KR and TAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/kr-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kr-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KR correlations · TAP correlations
