AMCR vs PHI: Correlation
How closely do Amcor (AMCR) and PLDT Inc. Sponsored ADR (PHI) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and PHI?
Across a 3-year window, the weekly returns of AMCR and PHI correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 217.3 %².
Among the 36 assets we track against AMCR, PHI ranks #22 by 3-year correlation. The last year tells two different stories: AMCR led by 20.8 percentage points, +12.6% for AMCR against -8.2% for PHI.
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 PHI: side by side
| AMCR (Amcor) | PHI (PLDT Inc. Sponsored ADR) | |
|---|---|---|
| 1-year return | +12.6% | -8.2% |
| 5-year return | -9.8% | -17.6% |
| Volatility (ann.) | 24.5% | 24.0% |
| Beta vs S&P 500 | 0.46 | 0.22 |
| Max drawdown (3Y) | -32.0% | -33.7% |
| Market cap | $21.5B | – |
| P/E (trailing) | 19.8 | 9.4 |
| Dividend yield | 5.51% | 494.13% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | PHI |
|---|---|---|
| 2022 | +3.2% | -31.7% |
| 2023 | -15.0% | +11.9% |
| 2024 | +2.6% | +0.8% |
| 2025 | -9.0% | +1.5% |
| 2026 | +14.9% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and PHI good diversifiers for each other?
Reasonably. At 0.37, AMCR and PHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMCR and PHI?
As of 2026-08-27, the correlation of weekly returns between AMCR and PHI is 0.37 over 3 years, 0.47 over 1 year and 0.32 over 5 years.
Is PHI a good diversifier for AMCR?
Reasonably. At 0.37, AMCR and PHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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-phi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amcr-vs-phi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMCR correlations · PHI correlations
