AMCR vs BALL: Correlation
How closely do Amcor (AMCR) and Ball Corporation (BALL) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and BALL?
Over the past 3 years, AMCR and BALL moved with a correlation of 0.51, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.51 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 337.5 %².
Within AMCR's tracked universe of 36 assets, BALL comes in at #13 by 3-year correlation. On 12-month performance BALL holds a 10.3-point edge, +12.6% against +22.9%. Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.65.
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 BALL: side by side
| AMCR (Amcor) | BALL (Ball Corporation) | |
|---|---|---|
| 1-year return | +12.6% | +22.9% |
| 5-year return | -9.8% | -29.3% |
| Volatility (ann.) | 24.5% | 26.9% |
| Beta vs S&P 500 | 0.46 | 0.43 |
| Max drawdown (3Y) | -32.0% | -35.6% |
| Market cap | $21.5B | $16.8B |
| P/E (trailing) | 19.8 | 18.4 |
| Dividend yield | 5.51% | 1.25% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | AMCR | BALL |
|---|---|---|
| 2022 | +3.2% | -46.2% |
| 2023 | -15.0% | +14.1% |
| 2024 | +2.6% | -3.0% |
| 2025 | -9.0% | -2.4% |
| 2026 | +14.9% | +20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and BALL good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMCR and BALL?
The AMCR/BALL correlation stands at 0.51 on a 3-year window (1 year: 0.64, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is BALL a good diversifier for AMCR?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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-ball.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amcr-vs-ball/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCR correlations · BALL correlations
