RDDT vs TAP: Correlation
Reddit (RDDT) and Molson Coors Beverage Company (TAP) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDDT and TAP?
Over the past 3 years, RDDT and TAP moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.24 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -452.0 %².
By 3-year correlation, TAP places #35 of the 40 assets tracked against RDDT. The trailing year gives TAP the advantage: -27.1% versus -15.0%, a 12.1-point spread. Across three years, the rolling one-year figure varied moderately, from -0.40 to -0.12. Risk is not evenly split, since RDDT carries 3.1 times the volatility of the other side.
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.
RDDT vs TAP: side by side
| RDDT (Reddit) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -27.1% | -15.0% |
| 5-year return | n/a | +3.9% |
| Volatility (ann.) | 75.2% | 23.9% |
| Beta vs S&P 500 | 2.59 | 0.15 |
| Max drawdown (3Y) | -61.4% | -38.8% |
| Market cap | $29.6B | $7.8B |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | Communication Services | Consumer Staples |
Year-by-year returns
| Year | RDDT | TAP |
|---|---|---|
| 2022 | – | +14.4% |
| 2023 | – | +22.2% |
| 2024 | – | -3.4% |
| 2025 | +40.6% | -15.5% |
| 2026 | -33.0% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDDT and TAP good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RDDT and TAP?
The RDDT/TAP correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for RDDT?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rddt-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rddt-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RDDT correlations · TAP correlations
