ALTO vs PG: Correlation
How closely do Alto Ingredients, Inc. (ALTO) and Procter & Gamble (PG) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTO and PG?
On 3 years of weekly data the ALTO/PG correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.21). The 5-year figure is -0.10, and annualized covariance runs at -305.7 %².
Among the 15 assets we track against ALTO, PG ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALTO ahead by 295.6 points (+289.5% versus -6.1%). Risk is not evenly split, since ALTO carries 6.1 times the volatility of the other side.
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.
ALTO vs PG: side by side
| ALTO (Alto Ingredients, Inc.) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +289.5% | -6.1% |
| 5-year return | -16.4% | +13.9% |
| Volatility (ann.) | 93.7% | 15.3% |
| Beta vs S&P 500 | 0.15 | 0.19 |
| Max drawdown (3Y) | -84.1% | -21.2% |
| Market cap | $0.3B | $332.7B |
| P/E (trailing) | 6.1 | 21.9 |
| Dividend yield | 0.00% | 2.94% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ALTO | PG |
|---|---|---|
| 2022 | -40.1% | -5.0% |
| 2023 | -7.6% | -0.9% |
| 2024 | -41.4% | +17.3% |
| 2025 | +84.6% | -12.3% |
| 2026 | +42.0% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTO and PG good diversifiers for each other?
Yes. With a correlation of -0.21, ALTO and PG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALTO and PG?
As of 2026-08-27, the correlation of weekly returns between ALTO and PG is -0.21 over 3 years, -0.33 over 1 year and -0.10 over 5 years.
Is PG a good diversifier for ALTO?
Yes. With a correlation of -0.21, ALTO and PG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ALTO correlations · PG correlations
