SLGN vs TAP: Correlation
Silgan Holdings Inc. (SLGN) and Molson Coors Beverage Company (TAP) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLGN and TAP?
Across a 3-year window, the weekly returns of SLGN and TAP correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.46 over 3 years. Stretching to 5 years gives 0.41, with an annualized covariance of 322.8 %².
By 3-year correlation, TAP places #18 of the 26 assets tracked against SLGN. On 12-month performance SLGN holds a 7.1-point edge, -7.9% 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.
SLGN vs TAP: side by side
| SLGN (Silgan Holdings Inc.) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -7.9% | -15.0% |
| 5-year return | +5.9% | +3.9% |
| Volatility (ann.) | 29.4% | 23.9% |
| Beta vs S&P 500 | 0.58 | 0.15 |
| Max drawdown (3Y) | -35.0% | -38.8% |
| Market cap | $4.4B | $7.8B |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 1.91% | 4.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | SLGN | TAP |
|---|---|---|
| 2022 | +22.7% | +14.4% |
| 2023 | -11.3% | +22.2% |
| 2024 | +16.8% | -3.4% |
| 2025 | -21.1% | -15.5% |
| 2026 | +4.8% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLGN and TAP good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLGN and TAP?
As of 2026-08-27, the correlation of weekly returns between SLGN and TAP is 0.46 over 3 years, 0.59 over 1 year and 0.41 over 5 years.
Is TAP a good diversifier for SLGN?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/slgn-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/slgn-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SLGN correlations · TAP correlations
