AMCR vs AXTA: Correlation
How closely do Amcor (AMCR) and Axalta Coating Systems Ltd. (AXTA) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and AXTA?
Over the past 3 years, AMCR and AXTA moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 389.1 %².
By 3-year correlation, AXTA places #10 of the 36 assets tracked against AMCR. Their 12-month results are close: +12.6% for AMCR against +16.6% for AXTA.
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 AXTA: side by side
| AMCR (Amcor) | AXTA (Axalta Coating Systems Ltd.) | |
|---|---|---|
| 1-year return | +12.6% | +16.6% |
| 5-year return | -9.8% | +18.4% |
| Volatility (ann.) | 24.5% | 29.8% |
| Beta vs S&P 500 | 0.46 | 1.01 |
| Max drawdown (3Y) | -32.0% | -38.4% |
| Market cap | $21.5B | $7.9B |
| P/E (trailing) | 19.8 | 22.5 |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | AXTA |
|---|---|---|
| 2022 | +3.2% | -23.1% |
| 2023 | -15.0% | +33.4% |
| 2024 | +2.6% | +0.7% |
| 2025 | -9.0% | -5.6% |
| 2026 | +14.9% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and AXTA good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMCR and AXTA?
The AMCR/AXTA correlation stands at 0.53 on a 3-year window (1 year: 0.59, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is AXTA a good diversifier for AMCR?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/amcr-vs-axta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcr-vs-axta/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · AXTA correlations
