RPM vs TAP: Correlation
How closely do RPM International Inc. (RPM) and Molson Coors Beverage Company (TAP) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPM and TAP?
Across a 3-year window, the weekly returns of RPM and TAP correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.38, with an annualized covariance of 262.6 %².
By 3-year correlation, TAP places #27 of the 33 assets tracked against RPM. Twelve-month performance is nearly a tie, at -14.3% for RPM and -15.0% for TAP.
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.
RPM vs TAP: side by side
| RPM (RPM International Inc.) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -14.3% | -15.0% |
| 5-year return | +38.7% | +3.9% |
| Volatility (ann.) | 25.0% | 23.9% |
| Beta vs S&P 500 | 0.85 | 0.15 |
| Max drawdown (3Y) | -32.0% | -38.8% |
| Market cap | $13.5B | $7.8B |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 1.99% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | RPM | TAP |
|---|---|---|
| 2022 | -1.7% | +14.4% |
| 2023 | +16.8% | +22.2% |
| 2024 | +12.1% | -3.4% |
| 2025 | -13.9% | -15.5% |
| 2026 | +3.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPM and TAP good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RPM and TAP?
The RPM/TAP correlation stands at 0.44 on a 3-year window (1 year: 0.55, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for RPM?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/rpm-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rpm-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RPM correlations · TAP correlations
