AMCR vs PKG: Correlation
Amcor (AMCR) and Packaging Corporation of America (PKG) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and PKG?
Over the past 3 years, AMCR and PKG moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 286.3 %².
Within AMCR's tracked universe of 36 assets, PKG comes in at #16 by 3-year correlation. On 12-month performance PKG holds a 5.9-point edge, +12.6% against +18.5%. On a rolling one-year basis the correlation drifted between 0.34 and 0.70, a moderate band.
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 PKG: side by side
| AMCR (Amcor) | PKG (Packaging Corporation of America) | |
|---|---|---|
| 1-year return | +12.6% | +18.5% |
| 5-year return | -9.8% | +86.8% |
| Volatility (ann.) | 24.5% | 23.5% |
| Beta vs S&P 500 | 0.46 | 0.52 |
| Max drawdown (3Y) | -32.0% | -28.4% |
| Market cap | $21.5B | $21.7B |
| P/E (trailing) | 19.8 | 31.6 |
| Dividend yield | 5.51% | 2.13% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | AMCR | PKG |
|---|---|---|
| 2022 | +3.2% | -2.6% |
| 2023 | -15.0% | +31.9% |
| 2024 | +2.6% | +41.7% |
| 2025 | -9.0% | -6.1% |
| 2026 | +14.9% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and PKG good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMCR and PKG?
As of 2026-08-27, the correlation of weekly returns between AMCR and PKG is 0.50 over 3 years, 0.56 over 1 year and 0.51 over 5 years.
Is PKG a good diversifier for AMCR?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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-pkg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amcr-vs-pkg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · PKG correlations
