AVO vs DMC: Correlation
How closely do Mission Produce, Inc. (AVO) and Del Monte Corporation (DMC) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVO and DMC?
Over the past 3 years, AVO and DMC moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.42 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 393.5 %².
In AVO's tracked universe of 10 assets, DMC sits right near the top at #2. Over the last 12 months AVO came out ahead by 11.4 percentage points (+0.3% against -11.1%).
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.
AVO vs DMC: side by side
| AVO (Mission Produce, Inc.) | DMC (Del Monte Corporation) | |
|---|---|---|
| 1-year return | +0.3% | -11.1% |
| 5-year return | -38.9% | +13.3% |
| Volatility (ann.) | 37.0% | 25.4% |
| Beta vs S&P 500 | 0.40 | -0.11 |
| Max drawdown (3Y) | -34.1% | -36.5% |
| Market cap | $1.1B | $1.5B |
| P/E (trailing) | 40.4 | 44.2 |
| Dividend yield | 0.00% | 3.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVO | DMC |
|---|---|---|
| 2022 | -26.0% | -3.0% |
| 2023 | -13.2% | +3.1% |
| 2024 | +42.4% | +31.3% |
| 2025 | -19.3% | +11.1% |
| 2026 | +7.9% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVO and DMC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVO and DMC?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.57 over the last year and 0.29 over 5 years.
Is DMC a good diversifier for AVO?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/avo-vs-dmc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avo-vs-dmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVO correlations · DMC correlations
