AMCR vs GPK: Correlation
How closely do Amcor (AMCR) and Graphic Packaging Holding Company (GPK) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and GPK?
Across a 3-year window, the weekly returns of AMCR and GPK correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.60, with an annualized covariance of 438.2 %².
Within AMCR's tracked universe of 36 assets, GPK comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMCR outperformed by 60.3 percentage points (+12.6% for AMCR against -47.7% for GPK).
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 GPK: side by side
| AMCR (Amcor) | GPK (Graphic Packaging Holding Company) | |
|---|---|---|
| 1-year return | +12.6% | -47.7% |
| 5-year return | -9.8% | -39.0% |
| Volatility (ann.) | 24.5% | 30.7% |
| Beta vs S&P 500 | 0.46 | 0.71 |
| Max drawdown (3Y) | -32.0% | -69.7% |
| Market cap | $21.5B | $3.4B |
| P/E (trailing) | 19.8 | 17.7 |
| Dividend yield | 5.51% | 3.84% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | GPK |
|---|---|---|
| 2022 | +3.2% | +15.9% |
| 2023 | -15.0% | +12.7% |
| 2024 | +2.6% | +11.7% |
| 2025 | -9.0% | -43.3% |
| 2026 | +14.9% | -23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and GPK good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMCR and GPK?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.61 over the last year and 0.60 over 5 years.
Is GPK a good diversifier for AMCR?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 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-gpk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcr-vs-gpk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMCR correlations · GPK correlations
