AMC vs XOM: Correlation
How closely do AMC Entertainment Holdings, Inc. (AMC) and ExxonMobil (XOM) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMC and XOM?
On 3 years of weekly data the AMC/XOM correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.25 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -488.0 %².
Out of 11 assets tracked against AMC, XOM lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months XOM outperformed by 47.7 percentage points (-4.9% for AMC against +42.8% for XOM). One caveat on sizing: AMC is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AMC vs XOM: side by side
| AMC (AMC Entertainment Holdings, Inc.) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | -4.9% | +42.8% |
| 5-year return | -99.4% | +237.9% |
| Volatility (ann.) | 79.7% | 24.3% |
| Beta vs S&P 500 | 1.44 | 0.01 |
| Max drawdown (3Y) | -93.0% | -20.1% |
| Market cap | – | $643.3B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | AMC | XOM |
|---|---|---|
| 2022 | -85.0% | +87.4% |
| 2023 | -85.0% | -6.3% |
| 2024 | -35.0% | +11.3% |
| 2025 | -60.8% | +16.0% |
| 2026 | +73.1% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMC and XOM good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMC and XOM?
As of 2026-08-27, the correlation of weekly returns between AMC and XOM is -0.25 over 3 years, -0.42 over 1 year and -0.14 over 5 years.
Is XOM a good diversifier for AMC?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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
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Related comparisons
Hubs: AMC correlations · XOM correlations
