AMCR vs PHG: Correlation
Amcor (AMCR) and Koninklijke Philips N.V. NY Registry Shares (PHG) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and PHG?
On 3 years of weekly data the AMCR/PHG correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 464.5 %².
Within AMCR's tracked universe of 36 assets, PHG comes in at #7 by 3-year correlation. The trailing year gives AMCR the advantage: +12.6% versus +1.0%, a 11.6-point spread.
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 PHG: side by side
| AMCR (Amcor) | PHG (Koninklijke Philips N.V. NY Registry Shares) | |
|---|---|---|
| 1-year return | +12.6% | +1.0% |
| 5-year return | -9.8% | -32.8% |
| Volatility (ann.) | 24.5% | 33.4% |
| Beta vs S&P 500 | 0.46 | 0.92 |
| Max drawdown (3Y) | -32.0% | -33.8% |
| Market cap | $21.5B | $26.3B |
| P/E (trailing) | 19.8 | 20.2 |
| Dividend yield | 5.51% | 3.15% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | PHG |
|---|---|---|
| 2022 | +3.2% | -57.6% |
| 2023 | -15.0% | +55.6% |
| 2024 | +2.6% | +8.5% |
| 2025 | -9.0% | +11.2% |
| 2026 | +14.9% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and PHG good diversifiers for each other?
Only partially. A correlation of 0.57 means AMCR and PHG 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 PHG?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.65 over the last year and 0.49 over 5 years.
Is PHG a good diversifier for AMCR?
Only partially. A correlation of 0.57 means AMCR and PHG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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-phg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amcr-vs-phg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · PHG correlations
