AMCR vs PG: Correlation
Amcor (AMCR) and Procter & Gamble (PG) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and PG?
Over the past 3 years, AMCR and PG moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 170.6 %².
Within AMCR's tracked universe of 36 assets, PG comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMCR ahead by 18.7 points (+12.6% versus -6.1%). The rolling one-year correlation moved between 0.29 and 0.64 over the past three years, a moderate range. Note the risk asymmetry: AMCR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PG: side by side
| AMCR (Amcor) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +12.6% | -6.1% |
| 5-year return | -9.8% | +13.9% |
| Volatility (ann.) | 24.5% | 15.3% |
| Beta vs S&P 500 | 0.46 | 0.19 |
| Max drawdown (3Y) | -32.0% | -21.2% |
| Market cap | $21.5B | $332.7B |
| P/E (trailing) | 19.8 | 21.9 |
| Dividend yield | 5.51% | 2.94% |
| Sector / category | Materials | Consumer Staples |
Year-by-year returns
| Year | AMCR | PG |
|---|---|---|
| 2022 | +3.2% | -5.0% |
| 2023 | -15.0% | -0.9% |
| 2024 | +2.6% | +17.3% |
| 2025 | -9.0% | -12.3% |
| 2026 | +14.9% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and PG good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMCR and PG?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.54 over the last year and 0.45 over 5 years.
Is PG a good diversifier for AMCR?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amcr-vs-pg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amcr-vs-pg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · PG correlations
