SBUX vs WMT: Correlation
Measured on weekly returns over the past three years, Starbucks (SBUX) and Walmart (WMT) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBUX and WMT?
Across a 3-year window, the weekly returns of SBUX and WMT correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 305.0 %².
Within SBUX's tracked universe of 38 assets, WMT comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SBUX ahead by 17.8 points (+25.5% versus +7.7%). The rolling one-year correlation moved between 0.19 and 0.59 over the past three years, a moderate range.
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.
SBUX vs WMT: side by side
| SBUX (Starbucks) | WMT (Walmart) | |
|---|---|---|
| 1-year return | +25.5% | +7.7% |
| 5-year return | +4.5% | +121.9% |
| Volatility (ann.) | 34.2% | 23.0% |
| Beta vs S&P 500 | 1.10 | 0.53 |
| Max drawdown (3Y) | -32.0% | -23.3% |
| Market cap | $122.3B | $816.7B |
| P/E (trailing) | 62.7 | 37.1 |
| Dividend yield | 2.29% | 0.92% |
| Sector / category | Consumer Discretionary | Consumer Staples |
Year-by-year returns
| Year | SBUX | WMT |
|---|---|---|
| 2022 | -13.2% | -0.5% |
| 2023 | -1.2% | +12.9% |
| 2024 | -2.5% | +74.0% |
| 2025 | -5.3% | +24.5% |
| 2026 | +29.7% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBUX and WMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SBUX and WMT?
As of 2026-08-27, the correlation of weekly returns between SBUX and WMT is 0.39 over 3 years, 0.30 over 1 year and 0.37 over 5 years.
Is WMT a good diversifier for SBUX?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SBUX correlations · WMT correlations
