AMR vs BTU: Correlation
Measured on weekly returns over the past three years, Alpha Metallurgical Resources, Inc. (AMR) and Peabody Energy Corporation (BTU) 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 AMR and BTU?
On 3 years of weekly data the AMR/BTU correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 1727.9 %².
In AMR's tracked universe of 12 assets, BTU sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months BTU outperformed by 21.5 percentage points (+56.1% for AMR against +77.6% for BTU).
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.
AMR vs BTU: side by side
| AMR (Alpha Metallurgical Resources, Inc.) | BTU (Peabody Energy Corporation) | |
|---|---|---|
| 1-year return | +56.1% | +77.6% |
| 5-year return | +514.2% | +95.9% |
| Volatility (ann.) | 56.0% | 52.8% |
| Beta vs S&P 500 | 1.13 | 0.73 |
| Max drawdown (3Y) | -77.5% | -65.1% |
| Market cap | $2.9B | $3.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMR | BTU |
|---|---|---|
| 2022 | +150.1% | +162.4% |
| 2023 | +133.9% | -7.0% |
| 2024 | -41.0% | -12.8% |
| 2025 | -0.1% | +44.2% |
| 2026 | +13.8% | -0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMR and BTU 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 AMR and BTU?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.57 over the last year and 0.61 over 5 years.
Is BTU a good diversifier for AMR?
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?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amr-vs-btu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amr-vs-btu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMR correlations · BTU correlations
