SAM vs STZ: Correlation
Boston Beer Company, Inc. (The) (SAM) and Constellation Brands (STZ) 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 SAM and STZ?
Over the past 3 years, SAM and STZ moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 427.4 %².
By 3-year correlation, STZ places #4 of the 10 assets tracked against SAM. Twelve-month performance is nearly a tie, at -17.6% for SAM and -15.7% for STZ.
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.
SAM vs STZ: side by side
| SAM (Boston Beer Company, Inc. (The)) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -17.6% | -15.7% |
| 5-year return | -68.3% | -31.9% |
| Volatility (ann.) | 35.3% | 26.6% |
| Beta vs S&P 500 | 0.21 | 0.41 |
| Max drawdown (3Y) | -59.1% | -51.3% |
| Market cap | $1.9B | $22.4B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | SAM | STZ |
|---|---|---|
| 2022 | -34.8% | -6.4% |
| 2023 | +4.9% | +5.8% |
| 2024 | -13.2% | -7.1% |
| 2025 | -35.0% | -36.0% |
| 2026 | -6.2% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAM and STZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SAM and STZ?
The SAM/STZ correlation stands at 0.45 on a 3-year window (1 year: 0.48, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is STZ a good diversifier for SAM?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
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/sam-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sam-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SAM correlations · STZ correlations
