AVA vs PM: Correlation
Avista Corporation (AVA) and Philip Morris International (PM) 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 AVA and PM?
Across a 3-year window, the weekly returns of AVA and PM correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 175.6 %².
Among the 20 assets we track against AVA, PM ranks #13 by 3-year correlation. Over the last 12 months PM came out ahead by 13.3 percentage points (+6.9% against +20.2%).
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.
AVA vs PM: side by side
| AVA (Avista Corporation) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | +6.9% | +20.2% |
| 5-year return | +15.3% | +133.5% |
| Volatility (ann.) | 19.8% | 23.1% |
| Beta vs S&P 500 | 0.05 | -0.01 |
| Max drawdown (3Y) | -14.0% | -20.6% |
| Market cap | $3.2B | $296.9B |
| P/E (trailing) | 13.8 | 26.7 |
| Dividend yield | 5.15% | 3.03% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AVA | PM |
|---|---|---|
| 2022 | +8.8% | +12.3% |
| 2023 | -15.3% | -1.9% |
| 2024 | +7.8% | +34.3% |
| 2025 | +10.7% | +38.0% |
| 2026 | +1.6% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and PM good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVA and PM?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.41 over the last year and 0.36 over 5 years.
Is PM a good diversifier for AVA?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/ava-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ava-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVA correlations · PM correlations
