AMCR vs CCK: Correlation
Amcor (AMCR) and Crown Holdings, Inc. (CCK) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and CCK?
Across a 3-year window, the weekly returns of AMCR and CCK correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.67 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 351.3 %².
Within AMCR's tracked universe of 36 assets, CCK comes in at #4 by 3-year correlation. Over the last 12 months CCK came out ahead by 6.4 percentage points (+12.6% against +19.0%).
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 CCK: side by side
| AMCR (Amcor) | CCK (Crown Holdings, Inc.) | |
|---|---|---|
| 1-year return | +12.6% | +19.0% |
| 5-year return | -9.8% | +12.7% |
| Volatility (ann.) | 24.5% | 24.9% |
| Beta vs S&P 500 | 0.46 | 0.48 |
| Max drawdown (3Y) | -32.0% | -23.1% |
| Market cap | $21.5B | $12.8B |
| P/E (trailing) | 19.8 | 17.1 |
| Dividend yield | 5.51% | 1.02% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | CCK |
|---|---|---|
| 2022 | +3.2% | -25.0% |
| 2023 | -15.0% | +13.3% |
| 2024 | +2.6% | -9.1% |
| 2025 | -9.0% | +25.9% |
| 2026 | +14.9% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and CCK good diversifiers for each other?
Only partially. A correlation of 0.58 means AMCR and CCK 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 CCK?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.67 over the last year and 0.49 over 5 years.
Is CCK a good diversifier for AMCR?
Only partially. A correlation of 0.58 means AMCR and CCK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-cck.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AMCR correlations · CCK correlations
