SGI vs TAP: Correlation
Somnigroup International Inc. (SGI) and Molson Coors Beverage Company (TAP) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SGI and TAP?
Over the past 3 years, SGI and TAP moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 384.6 %².
By 3-year correlation, TAP places #10 of the 19 assets tracked against SGI. Over the last 12 months TAP came out ahead by 10.4 percentage points (-25.4% against -15.0%).
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.
SGI vs TAP: side by side
| SGI (Somnigroup International Inc.) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -25.4% | -15.0% |
| 5-year return | +44.9% | +3.9% |
| Volatility (ann.) | 33.8% | 23.9% |
| Beta vs S&P 500 | 1.02 | 0.15 |
| Max drawdown (3Y) | -37.1% | -38.8% |
| Market cap | $13.1B | $7.8B |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.02% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | SGI | TAP |
|---|---|---|
| 2022 | -26.0% | +14.4% |
| 2023 | +50.1% | +22.2% |
| 2024 | +12.3% | -3.4% |
| 2025 | +58.8% | -15.5% |
| 2026 | -29.5% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SGI and TAP good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SGI and TAP?
The SGI/TAP correlation stands at 0.48 on a 3-year window (1 year: 0.49, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is TAP a good diversifier for SGI?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/sgi-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sgi-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SGI correlations · TAP correlations
