AMP vs EP: Correlation
Ameriprise Financial (AMP) and Empire Petroleum Corporation (EP) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and EP?
Over the past 3 years, AMP and EP moved with a correlation of 0.38, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 638.5 %².
Among the 34 assets we track against AMP, EP ranks #23 by 3-year correlation. The last year tells two different stories: AMP led by 41.6 percentage points, +8.7% for AMP against -32.9% for EP. Note the risk asymmetry: EP runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EP: side by side
| AMP (Ameriprise Financial) | EP (Empire Petroleum Corporation) | |
|---|---|---|
| 1-year return | +8.7% | -32.9% |
| 5-year return | +119.2% | -46.4% |
| Volatility (ann.) | 25.0% | 67.0% |
| Beta vs S&P 500 | 1.09 | 1.00 |
| Max drawdown (3Y) | -26.4% | -77.9% |
| Market cap | $49.1B | $0.1B |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | EP |
|---|---|---|
| 2022 | +5.0% | +1.9% |
| 2023 | +24.0% | -10.7% |
| 2024 | +42.1% | -30.8% |
| 2025 | -6.7% | -60.0% |
| 2026 | +14.5% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and EP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMP and EP?
The AMP/EP correlation stands at 0.38 on a 3-year window (1 year: 0.32, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is EP a good diversifier for AMP?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/amp-vs-ep.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amp-vs-ep/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMP correlations · EP correlations
