AMP vs APO: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and Apollo Global Management (APO) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and APO?
Across a 3-year window, the weekly returns of AMP and APO correlate at 0.66, strong. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.66 over 3 years. Stretching to 5 years gives 0.67, with an annualized covariance of 608.4 %².
Among the 34 assets we track against AMP, APO ranks #16 by 3-year correlation. Over the last 12 months AMP came out ahead by 8.8 percentage points (+8.7% against -0.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.37 to 0.89.
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.
AMP vs APO: side by side
| AMP (Ameriprise Financial) | APO (Apollo Global Management) | |
|---|---|---|
| 1-year return | +8.7% | -0.1% |
| 5-year return | +119.2% | +149.7% |
| Volatility (ann.) | 25.0% | 36.8% |
| Beta vs S&P 500 | 1.09 | 1.62 |
| Max drawdown (3Y) | -26.4% | -42.8% |
| Market cap | $49.1B | $78.8B |
| P/E (trailing) | 13.5 | 47.5 |
| Dividend yield | 1.16% | 1.60% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AMP | APO |
|---|---|---|
| 2022 | +5.0% | -9.6% |
| 2023 | +24.0% | +49.4% |
| 2024 | +42.1% | +79.9% |
| 2025 | -6.7% | -11.1% |
| 2026 | +14.5% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and APO good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMP and APO?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.41 over the last year and 0.67 over 5 years.
Is APO a good diversifier for AMP?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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/amp-vs-apo.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AMP correlations · APO correlations
