PEP vs SYY: Correlation
PepsiCo (PEP) and Sysco (SYY) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEP and SYY?
On 3 years of weekly data the PEP/SYY correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 172.0 %².
Among the 38 assets we track against PEP, SYY ranks #17 by 3-year correlation. The trailing year gives SYY the advantage: -1.6% versus +5.6%, a 7.2-point spread. The rolling one-year correlation moved between 0.34 and 0.62 over the past three years, a moderate range.
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.
PEP vs SYY: side by side
| PEP (PepsiCo) | SYY (Sysco) | |
|---|---|---|
| 1-year return | -1.6% | +5.6% |
| 5-year return | +4.9% | +19.2% |
| Volatility (ann.) | 19.1% | 20.3% |
| Beta vs S&P 500 | 0.13 | 0.14 |
| Max drawdown (3Y) | -27.5% | -24.0% |
| Market cap | $190.9B | $39.5B |
| P/E (trailing) | 18.6 | 22.5 |
| Dividend yield | 4.04% | 2.61% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | PEP | SYY |
|---|---|---|
| 2022 | +6.8% | -0.3% |
| 2023 | -3.3% | -1.7% |
| 2024 | -7.6% | +7.4% |
| 2025 | -1.8% | -1.0% |
| 2026 | -0.7% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEP and SYY good diversifiers for each other?
Reasonably. At 0.44, PEP and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PEP and SYY?
As of 2026-08-27, the correlation of weekly returns between PEP and SYY is 0.44 over 3 years, 0.36 over 1 year and 0.51 over 5 years.
Is SYY a good diversifier for PEP?
Reasonably. At 0.44, PEP and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/pep-vs-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pep-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PEP correlations · SYY correlations
