CARL-B.CO vs. TAP
CARL-B.CO (Carlsberg A/S) and TAP (Molson Coors Brewing Company) are both stocks. Both operate in the Beverages - Brewers industry within the Consumer Defensive sector. Over the past 10 years, CARL-B.CO returned 6.08%/yr vs -6.29%/yr for TAP. At a 0.17 correlation, their price movements are largely independent.
Performance
CARL-B.CO vs. TAP - Performance Comparison
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Different Trading Currencies
CARL-B.CO is traded in DKK, while TAP is traded in USD. To make them comparable, the TAP values have been converted to DKK using the latest available exchange rates.
Returns By Period
In the year-to-date period, CARL-B.CO achieves a 4.47% return, which is significantly higher than TAP's -7.47% return. Over the past 10 years, CARL-B.CO has outperformed TAP with an annualized return of 6.08%, while TAP has yielded a comparatively lower -6.29% annualized return.
CARL-B.CO
- 1D
- -1.03%
- 1M
- 1.61%
- YTD
- 4.47%
- 6M
- 4.57%
- 1Y
- -6.42%
- 3Y*
- -4.51%
- 5Y*
- -2.90%
- 10Y*
- 6.08%
TAP
- 1D
- 1.69%
- 1M
- 3.55%
- YTD
- -7.47%
- 6M
- -9.30%
- 1Y
- -14.21%
- 3Y*
- -13.98%
- 5Y*
- -3.04%
- 10Y*
- -6.29%
CARL-B.CO vs. TAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CARL-B.CO Carlsberg A/S | 4.47% | 24.73% | -16.11% | -5.74% | -15.78% | 18.41% | 1.01% | 46.68% | -4.93% | 24.15% |
TAP Molson Coors Brewing Company | -7.47% | -25.43% | 2.99% | 18.79% | 21.53% | 11.75% | -22.49% | 1.89% | -26.41% | -24.59% |
Correlation
The correlation between CARL-B.CO and TAP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2007 | 0.17 |
The correlation between CARL-B.CO and TAP shifts across timeframes, from 0.14 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CARL-B.CO vs. TAP — Risk / Return Rank
CARL-B.CO
TAP
CARL-B.CO vs. TAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlsberg A/S (CARL-B.CO) and Molson Coors Brewing Company (TAP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CARL-B.CO | TAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.92 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.60 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.51 | -1.24 | +0.73 |
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Drawdowns
CARL-B.CO vs. TAP - Drawdown Comparison
The maximum CARL-B.CO drawdown since its inception was -71.18%, roughly equal to the maximum TAP drawdown of -69.73%. Use the drawdown chart below to compare losses from any high point for CARL-B.CO and TAP.
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Drawdown Indicators
| CARL-B.CO | TAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.18% | -69.73% | -1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -20.76% | -26.09% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -43.11% | +6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -39.46% | -43.11% | +3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -69.73% | +30.27% |
Current DrawdownCurrent decline from peak | -18.91% | -54.01% | +35.10% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -26.77% | +12.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.56% | 12.63% | +0.93% |
Volatility
CARL-B.CO vs. TAP - Volatility Comparison
Carlsberg A/S (CARL-B.CO) and Molson Coors Brewing Company (TAP) have volatilities of 7.74% and 7.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CARL-B.CO | TAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 7.53% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 20.18% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.58% | 26.26% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.01% | 25.65% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 28.67% | -6.77% |
Dividends
CARL-B.CO vs. TAP - Dividend Comparison
CARL-B.CO's dividend yield for the trailing twelve months is around 3.44%, less than TAP's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARL-B.CO Carlsberg A/S | 3.44% | 3.23% | 3.91% | 3.19% | 2.60% | 1.95% | 2.15% | 1.81% | 2.31% | 1.34% | 1.48% | 1.47% |
TAP Molson Coors Brewing Company | 4.57% | 4.03% | 3.07% | 2.68% | 2.95% | 1.47% | 1.26% | 3.64% | 2.92% | 2.00% | 1.69% | 1.75% |
Financials
CARL-B.CO vs. TAP - Financials Comparison
This section allows you to compare key financial metrics between Carlsberg A/S and Molson Coors Brewing Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CARL-B.CO and TAP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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