AMCR vs KO: Correlation
Amcor (AMCR) and Coca-Cola Company (The) (KO) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and KO?
Across a 3-year window, the weekly returns of AMCR and KO correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 166.9 %².
By 3-year correlation, KO places #21 of the 36 assets tracked against AMCR. The last year tells two different stories: KO led by 20.5 percentage points, +12.6% for AMCR against +33.1% for KO. On a rolling one-year basis the correlation drifted between 0.38 and 0.65, a moderate band. Risk is not evenly split, since AMCR carries 1.6 times the volatility of the other side.
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 KO: side by side
| AMCR (Amcor) | KO (Coca-Cola Company (The)) | |
|---|---|---|
| 1-year return | +12.6% | +33.1% |
| 5-year return | -9.8% | +83.8% |
| Volatility (ann.) | 24.5% | 15.4% |
| Beta vs S&P 500 | 0.46 | 0.11 |
| Max drawdown (3Y) | -32.0% | -15.5% |
| Market cap | $21.5B | $383.2B |
| P/E (trailing) | 19.8 | 27.0 |
| Dividend yield | 5.51% | 2.31% |
| Sector / category | Materials | Consumer Staples |
Year-by-year returns
| Year | AMCR | KO |
|---|---|---|
| 2022 | +3.2% | +10.6% |
| 2023 | -15.0% | -4.4% |
| 2024 | +2.6% | +8.9% |
| 2025 | -9.0% | +15.6% |
| 2026 | +14.9% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and KO good diversifiers for each other?
Reasonably. At 0.44, AMCR and KO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMCR and KO?
As of 2026-08-27, the correlation of weekly returns between AMCR and KO is 0.44 over 3 years, 0.42 over 1 year and 0.48 over 5 years.
Is KO a good diversifier for AMCR?
Reasonably. At 0.44, AMCR and KO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-ko.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amcr-vs-ko/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMCR correlations · KO correlations
