AMCR vs SLGN: Correlation
Measured on weekly returns over the past three years, Amcor (AMCR) and Silgan Holdings Inc. (SLGN) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and SLGN?
Across a 3-year window, the weekly returns of AMCR and SLGN correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 397.0 %².
Within AMCR's tracked universe of 36 assets, SLGN comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMCR outperformed by 20.5 percentage points (+12.6% for AMCR against -7.9% for SLGN).
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 SLGN: side by side
| AMCR (Amcor) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | +12.6% | -7.9% |
| 5-year return | -9.8% | +5.9% |
| Volatility (ann.) | 24.5% | 29.4% |
| Beta vs S&P 500 | 0.46 | 0.58 |
| Max drawdown (3Y) | -32.0% | -35.0% |
| Market cap | $21.5B | $4.4B |
| P/E (trailing) | 19.8 | 16.9 |
| Dividend yield | 5.51% | 1.91% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | SLGN |
|---|---|---|
| 2022 | +3.2% | +22.7% |
| 2023 | -15.0% | -11.3% |
| 2024 | +2.6% | +16.8% |
| 2025 | -9.0% | -21.1% |
| 2026 | +14.9% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and SLGN good diversifiers for each other?
Only partially. A correlation of 0.55 means AMCR and SLGN 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 SLGN?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.64 over the last year and 0.57 over 5 years.
Is SLGN a good diversifier for AMCR?
Only partially. A correlation of 0.55 means AMCR and SLGN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amcr-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMCR correlations · SLGN correlations
