TAP vs. STZ
TAP (Molson Coors Brewing Company) and STZ (Constellation Brands, Inc.) are both stocks. Both are in the Consumer Defensive sector — TAP in Beverages - Brewers, STZ in Beverages - Wineries & Distilleries. Over the past 10 years, TAP returned -6.68%/yr vs -0.43%/yr for STZ. At a 0.33 correlation, their price movements are largely independent.
Performance
TAP vs. STZ - Performance Comparison
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Returns By Period
In the year-to-date period, TAP achieves a -14.21% return, which is significantly lower than STZ's -1.54% return. Over the past 10 years, TAP has underperformed STZ with an annualized return of -6.68%, while STZ has yielded a comparatively higher -0.43% annualized return.
TAP
- 1D
- 1.11%
- 1M
- -5.80%
- 6M
- -16.79%
- YTD
- -14.21%
- 1Y
- -18.30%
- 3Y*
- -12.34%
- 5Y*
- -2.85%
- 10Y*
- -6.68%
STZ
- 1D
- 1.22%
- 1M
- -9.73%
- 6M
- -7.60%
- YTD
- -1.54%
- 1Y
- -20.03%
- 3Y*
- -17.35%
- 5Y*
- -8.44%
- 10Y*
- -0.43%
TAP vs. STZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAP Molson Coors Brewing Company | -14.21% | -15.53% | -3.43% | 22.15% | 14.39% | 4.12% | -15.20% | -0.44% | -29.88% | -14.11% |
STZ Constellation Brands, Inc. | -1.54% | -35.99% | -7.11% | 5.83% | -6.43% | 16.12% | 17.41% | 19.85% | -28.73% | 50.69% |
Correlation
The correlation between TAP and STZ is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 1992 | 0.33 |
The correlation between TAP and STZ shifts across timeframes, from 0.33 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
TAP:
$7.35B
STZ:
$22.90B
TAP:
-$10.85
STZ:
$10.48
TAP:
0.68
STZ:
2.58
TAP:
0.74
STZ:
2.70
TAP:
$11.19B
STZ:
$9.06B
TAP:
$4.23B
STZ:
$4.77B
TAP:
-$1.54B
STZ:
$3.18B
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Return for Risk
TAP vs. STZ — Risk / Return Rank
TAP
STZ
TAP vs. STZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Molson Coors Brewing Company (TAP) and Constellation Brands, Inc. (STZ). 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 | STZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.91 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.76 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.27 | +0.07 |
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Drawdowns
TAP vs. STZ - Drawdown Comparison
The maximum TAP drawdown since its inception was -67.73%, roughly equal to the maximum STZ drawdown of -67.39%. Use the drawdown chart below to compare losses from any high point for TAP and STZ.
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Drawdown Indicators
| TAP | STZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.73% | -67.39% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -27.75% | -26.51% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -39.73% | -51.28% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -39.73% | -51.28% | +11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -67.73% | -53.53% | -14.20% |
Current DrawdownCurrent decline from peak | -54.52% | -48.16% | -6.36% |
Average DrawdownAverage peak-to-trough decline | -22.85% | -16.66% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.02% | 15.82% | -0.80% |
Volatility
TAP vs. STZ - Volatility Comparison
The current volatility for Molson Coors Brewing Company (TAP) is 8.39%, while Constellation Brands, Inc. (STZ) has a volatility of 10.21%. This indicates that TAP experiences smaller price fluctuations and is considered to be less risky than STZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAP | STZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 10.21% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.67% | 23.76% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 30.70% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 24.77% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.54% | 27.03% | +1.51% |
Dividends
TAP vs. STZ - Dividend Comparison
TAP's dividend yield for the trailing twelve months is around 4.85%, more than STZ's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STZ Constellation Brands, Inc. | 3.05% | 2.95% | 1.77% | 1.44% | 1.36% | 1.21% | 1.37% | 1.58% | 1.70% | 0.86% | 0.98% | 0.65% |
TAP Molson Coors Brewing Company | 4.85% | 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. STZ - Financials Comparison
This section allows you to compare key financial metrics between Molson Coors Brewing Company and Constellation Brands, Inc.. 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
TAP vs. STZ - Profitability Comparison
TAP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Molson Coors Brewing Company reported a gross profit of 897.20M and revenue of 2.35B. Therefore, the gross margin over that period was 38.2%.
STZ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Constellation Brands, Inc. reported a gross profit of 1.32B and revenue of 2.43B. Therefore, the gross margin over that period was 54.3%.
TAP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Molson Coors Brewing Company reported an operating income of 258.30M and revenue of 2.35B, resulting in an operating margin of 11.0%.
STZ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Constellation Brands, Inc. reported an operating income of 845.30M and revenue of 2.43B, resulting in an operating margin of 34.8%.
TAP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Molson Coors Brewing Company reported a net income of 151.30M and revenue of 2.35B, resulting in a net margin of 6.4%.
STZ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Constellation Brands, Inc. reported a net income of 653.80M and revenue of 2.43B, resulting in a net margin of 26.9%.
Frequently Asked Questions
TAP and STZ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STZ has higher volatility (10.21%) compared to TAP (8.39%). In terms of maximum drawdown, TAP dropped -67.73% vs STZ's -67.39%.
STZ currently has the higher Sharpe Ratio (-0.65 vs -0.67), 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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