AMP vs FLUT: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and Flutter Entertainment plc (FLUT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and FLUT?
Over the past 3 years, AMP and FLUT moved with a correlation of 0.46, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.46 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 481.4 %².
By 3-year correlation, FLUT places #22 of the 34 assets tracked against AMP. Correlation aside, the last 12 months split them widely, with AMP ahead by 77.6 points (+8.7% versus -68.9%). Note the risk asymmetry: FLUT runs 1.7 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 FLUT: side by side
| AMP (Ameriprise Financial) | FLUT (Flutter Entertainment plc) | |
|---|---|---|
| 1-year return | +8.7% | -68.9% |
| 5-year return | +119.2% | -51.0% |
| Volatility (ann.) | 25.0% | 41.7% |
| Beta vs S&P 500 | 1.09 | 1.16 |
| Max drawdown (3Y) | -26.4% | -70.1% |
| Market cap | $49.1B | $16.5B |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | FLUT |
|---|---|---|
| 2022 | +5.0% | -14.4% |
| 2023 | +24.0% | +32.8% |
| 2024 | +42.1% | +44.4% |
| 2025 | -6.7% | -16.8% |
| 2026 | +14.5% | -55.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and FLUT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMP and FLUT?
The AMP/FLUT correlation stands at 0.46 on a 3-year window (1 year: 0.31, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is FLUT a good diversifier for AMP?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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-flut.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amp-vs-flut/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMP correlations · FLUT correlations
