AMCR vs PPG: Correlation
Measured on weekly returns over the past three years, Amcor (AMCR) and PPG Industries (PPG) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and PPG?
On 3 years of weekly data the AMCR/PPG correlation comes out at 0.58, moderate. The past 12 months show a tighter link (0.73) than the 3-year average (0.58). The 5-year figure is 0.59, and annualized covariance runs at 362.2 %².
By 3-year correlation, PPG places #6 of the 36 assets tracked against AMCR. The trailing year gives AMCR the advantage: +12.6% versus +3.8%, a 8.8-point spread. The rolling one-year correlation moved between 0.30 and 0.68 over the past three years, a moderate range.
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 PPG: side by side
| AMCR (Amcor) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | +12.6% | +3.8% |
| 5-year return | -9.8% | -22.0% |
| Volatility (ann.) | 24.5% | 25.5% |
| Beta vs S&P 500 | 0.46 | 0.90 |
| Max drawdown (3Y) | -32.0% | -37.4% |
| Market cap | $21.5B | $25.2B |
| P/E (trailing) | 19.8 | 16.4 |
| Dividend yield | 5.51% | 2.48% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | AMCR | PPG |
|---|---|---|
| 2022 | +3.2% | -25.7% |
| 2023 | -15.0% | +21.2% |
| 2024 | +2.6% | -18.5% |
| 2025 | -9.0% | -12.0% |
| 2026 | +14.9% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and PPG good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMCR and PPG?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.73 over the last year and 0.59 over 5 years.
Is PPG a good diversifier for AMCR?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 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-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amcr-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · PPG correlations
