SAM vs TAP: Correlation
Measured on weekly returns over the past three years, Boston Beer Company, Inc. (The) (SAM) and Molson Coors Beverage Company (TAP) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAM and TAP?
Across a 3-year window, the weekly returns of SAM and TAP correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 473.7 %².
Few assets follow SAM as closely as TAP, which ranks #1 of 10 tracked partners. Twelve-month performance is nearly a tie, at -17.6% for SAM 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.
SAM vs TAP: side by side
| SAM (Boston Beer Company, Inc. (The)) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -17.6% | -15.0% |
| 5-year return | -68.3% | +3.9% |
| Volatility (ann.) | 35.3% | 23.9% |
| Beta vs S&P 500 | 0.21 | 0.15 |
| Max drawdown (3Y) | -59.1% | -38.8% |
| Market cap | $1.9B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | SAM | TAP |
|---|---|---|
| 2022 | -34.8% | +14.4% |
| 2023 | +4.9% | +22.2% |
| 2024 | -13.2% | -3.4% |
| 2025 | -35.0% | -15.5% |
| 2026 | -6.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAM and TAP good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SAM and TAP?
The SAM/TAP correlation stands at 0.56 on a 3-year window (1 year: 0.65, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for SAM?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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/sam-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sam-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SAM correlations · TAP correlations
