PPG vs TAP: Correlation
PPG Industries (PPG) and Molson Coors Beverage Company (TAP) 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 PPG and TAP?
On 3 years of weekly data the PPG/TAP correlation comes out at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.45). The 5-year figure is 0.38, and annualized covariance runs at 274.7 %².
Among the 67 assets we track against PPG, TAP ranks #50 by 3-year correlation. The last year tells two different stories: PPG led by 18.8 percentage points, +3.8% for PPG against -15.0% for TAP. On a rolling one-year basis the correlation drifted between 0.23 and 0.63, 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.
PPG vs TAP: side by side
| PPG (PPG Industries) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | +3.8% | -15.0% |
| 5-year return | -22.0% | +3.9% |
| Volatility (ann.) | 25.5% | 23.9% |
| Beta vs S&P 500 | 0.90 | 0.15 |
| Max drawdown (3Y) | -37.4% | -38.8% |
| Market cap | $25.2B | $7.8B |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.48% | 4.51% |
| Sector / category | Materials | Consumer Staples |
Year-by-year returns
| Year | PPG | TAP |
|---|---|---|
| 2022 | -25.7% | +14.4% |
| 2023 | +21.2% | +22.2% |
| 2024 | -18.5% | -3.4% |
| 2025 | -12.0% | -15.5% |
| 2026 | +12.8% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPG and TAP good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PPG and TAP?
The PPG/TAP correlation stands at 0.45 on a 3-year window (1 year: 0.57, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for PPG?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/ppg-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppg-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPG correlations · TAP correlations
