AMCR vs AVY: Correlation
Measured on weekly returns over the past three years, Amcor (AMCR) and Avery Dennison (AVY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and AVY?
On 3 years of weekly data the AMCR/AVY correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 257.4 %².
By 3-year correlation, AVY places #11 of the 36 assets tracked against AMCR. Over the last 12 months AMCR came out ahead by 7.3 percentage points (+12.6% against +5.3%). On a rolling one-year basis the correlation drifted between 0.26 and 0.66, a moderate band.
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.
AMCR vs AVY: side by side
| AMCR (Amcor) | AVY (Avery Dennison) | |
|---|---|---|
| 1-year return | +12.6% | +5.3% |
| 5-year return | -9.8% | -14.0% |
| Volatility (ann.) | 24.5% | 20.2% |
| Beta vs S&P 500 | 0.46 | 0.61 |
| Max drawdown (3Y) | -32.0% | -30.6% |
| Market cap | $21.5B | $13.5B |
| P/E (trailing) | 19.8 | 20.0 |
| Dividend yield | 5.51% | 2.10% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | AMCR | AVY |
|---|---|---|
| 2022 | +3.2% | -15.1% |
| 2023 | -15.0% | +13.7% |
| 2024 | +2.6% | -5.9% |
| 2025 | -9.0% | -0.7% |
| 2026 | +14.9% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and AVY good diversifiers for each other?
Only partially. A correlation of 0.52 means AMCR and AVY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMCR and AVY?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.57 over the last year and 0.55 over 5 years.
Is AVY a good diversifier for AMCR?
Only partially. A correlation of 0.52 means AMCR and AVY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amcr-vs-avy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcr-vs-avy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMCR correlations · AVY correlations
