TAP vs. ES
TAP (Molson Coors Brewing Company) and ES (Eversource Energy) are both stocks. TAP operates in Beverages - Brewers (Consumer Defensive), while ES operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, TAP returned -6.04%/yr vs 5.44%/yr for ES. At a 0.20 correlation, their price movements are largely independent.
Performance
TAP vs. ES - Performance Comparison
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Returns By Period
In the year-to-date period, TAP achieves a -8.93% return, which is significantly lower than ES's 4.32% return. Over the past 10 years, TAP has underperformed ES with an annualized return of -6.04%, while ES has yielded a comparatively higher 5.44% annualized return.
TAP
- 1D
- 1.59%
- 1M
- 3.03%
- YTD
- -8.93%
- 6M
- -10.69%
- 1Y
- -14.29%
- 3Y*
- -12.05%
- 5Y*
- -4.02%
- 10Y*
- -6.04%
ES
- 1D
- 0.38%
- 1M
- 3.48%
- YTD
- 4.32%
- 6M
- 4.28%
- 1Y
- 10.16%
- 3Y*
- 4.00%
- 5Y*
- 0.24%
- 10Y*
- 5.44%
TAP vs. ES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAP Molson Coors Brewing Company | -8.93% | -15.53% | -3.43% | 22.15% | 14.39% | 4.12% | -15.20% | -0.44% | -29.88% | -14.11% |
ES Eversource Energy | 4.32% | 22.86% | -2.46% | -23.43% | -5.06% | 8.18% | 4.45% | 34.49% | 6.41% | 17.97% |
Correlation
The correlation between TAP and ES is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.20 |
The correlation between TAP and ES shifts across timeframes, from 0.18 (1 year) to 0.29 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
TAP:
$7.88B
ES:
$25.87B
TAP:
-$10.76
ES:
$4.68
TAP:
0.73
ES:
1.84
TAP:
0.78
ES:
0.00
TAP:
$11.19B
ES:
$13.93B
TAP:
$4.23B
ES:
$4.19B
TAP:
-$1.54B
ES:
$4.60B
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Return for Risk
TAP vs. ES — Risk / Return Rank
TAP
ES
TAP vs. ES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Molson Coors Brewing Company (TAP) and Eversource Energy (ES). 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.
| TAP | ES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.09 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 0.61 | -1.18 |
| Martin ratioReturn relative to average drawdown | -1.18 | 1.46 | -2.64 |
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Drawdowns
TAP vs. ES - Drawdown Comparison
The maximum TAP drawdown since its inception was -67.73%, smaller than the maximum ES drawdown of -73.04%. Use the drawdown chart below to compare losses from any high point for TAP and ES.
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Drawdown Indicators
| TAP | ES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.73% | -73.04% | +5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -27.75% | -15.13% | -12.62% |
Max Drawdown (3Y)Largest decline over 3 years | -39.73% | -28.65% | -11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -39.73% | -41.69% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -67.73% | -41.69% | -26.04% |
Current DrawdownCurrent decline from peak | -51.73% | -13.32% | -38.41% |
Average DrawdownAverage peak-to-trough decline | -22.80% | -19.06% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.49% | 6.30% | +7.19% |
Volatility
TAP vs. ES - Volatility Comparison
The current volatility for Molson Coors Brewing Company (TAP) is 7.28%, while Eversource Energy (ES) has a volatility of 7.72%. This indicates that TAP experiences smaller price fluctuations and is considered to be less risky than ES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAP | ES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 7.72% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 16.00% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.09% | 24.68% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.65% | 23.94% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.50% | 24.35% | +4.15% |
Dividends
TAP vs. ES - Dividend Comparison
TAP's dividend yield for the trailing twelve months is around 4.57%, more than ES's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ES Eversource Energy | 4.48% | 4.47% | 4.98% | 4.37% | 3.04% | 2.65% | 2.62% | 2.52% | 3.11% | 3.01% | 3.22% | 3.27% |
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
TAP vs. ES - Financials Comparison
This section allows you to compare key financial metrics between Molson Coors Brewing Company and Eversource Energy. 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
TAP and ES have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ES has higher volatility (7.72%) compared to TAP (7.28%). In terms of maximum drawdown, TAP dropped -67.73% vs ES's -73.04%.
ES currently has the higher Sharpe Ratio (0.37 vs -0.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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