PEP vs TSN: Correlation
PepsiCo (PEP) and Tyson Foods (TSN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEP and TSN?
Across a 3-year window, the weekly returns of PEP and TSN correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 193.3 %².
Among the 38 assets we track against PEP, TSN ranks #16 by 3-year correlation. Their 12-month results are close: -1.6% for PEP against -0.3% for TSN. The rolling one-year correlation moved between 0.08 and 0.56 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 TSN: side by side
| PEP (PepsiCo) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | -1.6% | -0.3% |
| 5-year return | +4.9% | -17.3% |
| Volatility (ann.) | 19.1% | 22.8% |
| Beta vs S&P 500 | 0.13 | 0.19 |
| Max drawdown (3Y) | -27.5% | -20.3% |
| Market cap | $190.9B | $19.5B |
| P/E (trailing) | 18.6 | 35.0 |
| Dividend yield | 4.04% | 0.88% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | PEP | TSN |
|---|---|---|
| 2022 | +6.8% | -26.9% |
| 2023 | -3.3% | -10.4% |
| 2024 | -7.6% | +10.5% |
| 2025 | -1.8% | +5.7% |
| 2026 | -0.7% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEP and TSN good diversifiers for each other?
Reasonably. At 0.45, PEP and TSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PEP and TSN?
The PEP/TSN correlation stands at 0.45 on a 3-year window (1 year: 0.41, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TSN a good diversifier for PEP?
Reasonably. At 0.45, PEP and TSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/pep-vs-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pep-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PEP correlations · TSN correlations
