STZ vs TAP: Correlation
Constellation Brands (STZ) and Molson Coors Beverage Company (TAP) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STZ and TAP?
Over the past 3 years, STZ and TAP moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 276.6 %².
Among the 31 assets we track against STZ, TAP ranks #9 by 3-year correlation. Their 12-month results are close: -15.7% for STZ against -15.0% for TAP. The rolling one-year correlation moved between 0.29 and 0.66 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.
STZ vs TAP: side by side
| STZ (Constellation Brands) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | -15.7% | -15.0% |
| 5-year return | -31.9% | +3.9% |
| Volatility (ann.) | 26.6% | 23.9% |
| Beta vs S&P 500 | 0.41 | 0.15 |
| Max drawdown (3Y) | -51.3% | -38.8% |
| Market cap | $22.4B | $7.8B |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 3.04% | 4.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | STZ | TAP |
|---|---|---|
| 2022 | -6.4% | +14.4% |
| 2023 | +5.8% | +22.2% |
| 2024 | -7.1% | -3.4% |
| 2025 | -36.0% | -15.5% |
| 2026 | -2.7% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STZ and TAP good diversifiers for each other?
Reasonably. At 0.43, STZ and TAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between STZ and TAP?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.41 over the last year and 0.44 over 5 years.
Is TAP a good diversifier for STZ?
Reasonably. At 0.43, STZ and TAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/stz-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stz-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STZ correlations · TAP correlations
