REPL vs TAP: Correlation
Replimune Group, Inc. (REPL) and Molson Coors Beverage Company (TAP) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REPL and TAP?
On 3 years of weekly data the REPL/TAP correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.20 over 3. The 5-year figure is -0.13, and annualized covariance runs at -726.1 %².
Within REPL's tracked universe of 27 assets, TAP comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months REPL outperformed by 197.1 percentage points (+182.1% for REPL against -15.0% for TAP). Note the risk asymmetry: REPL runs 6.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
REPL vs TAP: side by side
| REPL (Replimune Group, Inc.) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | +182.1% | -15.0% |
| 5-year return | -50.4% | +3.9% |
| Volatility (ann.) | 153.7% | 23.9% |
| Beta vs S&P 500 | 0.48 | 0.15 |
| Max drawdown (3Y) | -92.0% | -38.8% |
| Market cap | $1.5B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | REPL | TAP |
|---|---|---|
| 2022 | +0.4% | +14.4% |
| 2023 | -69.0% | +22.2% |
| 2024 | +43.7% | -3.4% |
| 2025 | -19.7% | -15.5% |
| 2026 | +60.5% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REPL and TAP good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between REPL and TAP?
The REPL/TAP correlation stands at -0.20 on a 3-year window (1 year: -0.20, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for REPL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/repl-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/repl-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: REPL correlations · TAP correlations
