APPF vs PM: Correlation
AppFolio, Inc. (APPF) and Philip Morris International (PM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPF and PM?
Over the past 3 years, APPF and PM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -226.3 %².
PM is close to the least connected end of APPF's tracked universe, ranking #12 of 13. Their recent paths diverged sharply: over the last 12 months PM outperformed by 36.2 percentage points (-16.0% for APPF against +20.2% for PM). Risk is not evenly split, since APPF carries 1.8 times the volatility of the other side.
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.
APPF vs PM: side by side
| APPF (AppFolio, Inc.) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | -16.0% | +20.2% |
| 5-year return | +93.0% | +133.5% |
| Volatility (ann.) | 41.6% | 23.1% |
| Beta vs S&P 500 | 0.64 | -0.01 |
| Max drawdown (3Y) | -55.4% | -20.6% |
| Market cap | $8.2B | $296.9B |
| P/E (trailing) | 50.8 | 26.7 |
| Dividend yield | 0.00% | 3.03% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | APPF | PM |
|---|---|---|
| 2022 | -13.0% | +12.3% |
| 2023 | +64.4% | -1.9% |
| 2024 | +42.4% | +34.3% |
| 2025 | -5.7% | +38.0% |
| 2026 | -0.3% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPF and PM good diversifiers for each other?
Yes. With a correlation of -0.24, APPF and PM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APPF and PM?
The APPF/PM correlation stands at -0.24 on a 3-year window (1 year: -0.27, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is PM a good diversifier for APPF?
Yes. With a correlation of -0.24, APPF and PM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/appf-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/appf-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APPF correlations · PM correlations
