TAP vs WY: Correlation
Measured on weekly returns over the past three years, Molson Coors Beverage Company (TAP) and Weyerhaeuser (WY) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TAP and WY?
Across a 3-year window, the weekly returns of TAP and WY correlate at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.44). Stretching to 5 years gives 0.43, with an annualized covariance of 260.3 %².
By 3-year correlation, WY places #16 of the 38 assets tracked against TAP. On 12-month performance WY holds a 8.9-point edge, -15.0% against -6.1%. The rolling one-year correlation moved between 0.19 and 0.65 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.
TAP vs WY: side by side
| TAP (Molson Coors Beverage Company) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | -15.0% | -6.1% |
| 5-year return | +3.9% | -19.5% |
| Volatility (ann.) | 23.9% | 24.8% |
| Beta vs S&P 500 | 0.15 | 0.64 |
| Max drawdown (3Y) | -38.8% | -38.0% |
| Market cap | $7.8B | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 4.51% | 3.49% |
| Sector / category | Consumer Staples | Real Estate |
Year-by-year returns
| Year | TAP | WY |
|---|---|---|
| 2022 | +14.4% | -20.4% |
| 2023 | +22.2% | +18.0% |
| 2024 | -3.4% | -16.6% |
| 2025 | -15.5% | -13.0% |
| 2026 | -8.8% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TAP and WY good diversifiers for each other?
Reasonably. At 0.44, TAP and WY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TAP and WY?
The TAP/WY correlation stands at 0.44 on a 3-year window (1 year: 0.62, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is WY a good diversifier for TAP?
Reasonably. At 0.44, TAP and WY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/tap-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tap-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TAP correlations · WY correlations
