KVUE vs TAP: Correlation
Measured on weekly returns over the past three years, Kenvue (KVUE) and Molson Coors Beverage Company (TAP) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and TAP?
On 3 years of weekly data the KVUE/TAP correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 268.5 %².
Among the 34 assets we track against KVUE, TAP ranks #4 by 3-year correlation. Over the last 12 months KVUE came out ahead by 12.0 percentage points (-3.0% against -15.0%). On a rolling one-year basis the correlation drifted between 0.22 and 0.49, 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.
KVUE vs TAP: side by side
| KVUE (Kenvue) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -3.0% | -15.0% |
| 5-year return | n/a | +3.9% |
| Volatility (ann.) | 27.3% | 23.9% |
| Beta vs S&P 500 | 0.16 | 0.15 |
| Max drawdown (3Y) | -41.2% | -38.8% |
| Market cap | $36.9B | $7.8B |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 4.32% | 4.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KVUE | TAP |
|---|---|---|
| 2022 | – | +14.4% |
| 2023 | – | +22.2% |
| 2024 | +3.1% | -3.4% |
| 2025 | -15.9% | -15.5% |
| 2026 | +15.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and TAP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KVUE and TAP?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is TAP a good diversifier for KVUE?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/kvue-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kvue-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KVUE correlations · TAP correlations
