BBAR vs MO: Correlation
How closely do Banco BBVA Argentina S.A. (BBAR) and Altria (MO) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAR and MO?
Across a 3-year window, the weekly returns of BBAR and MO correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.29 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -440.7 %².
Out of 17 assets tracked against BBAR, MO lands near the bottom at #15. Over the last 12 months BBAR came out ahead by 11.8 percentage points (+20.6% against +8.8%). One caveat on sizing: BBAR is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBAR vs MO: side by side
| BBAR (Banco BBVA Argentina S.A.) | MO (Altria) | |
|---|---|---|
| 1-year return | +20.6% | +8.8% |
| 5-year return | +356.0% | +100.4% |
| Volatility (ann.) | 70.3% | 21.8% |
| Beta vs S&P 500 | 1.06 | -0.07 |
| Max drawdown (3Y) | -66.3% | -16.4% |
| Market cap | $3.0B | $113.0B |
| P/E (trailing) | 15.9 | 14.6 |
| Dividend yield | 0.00% | 6.13% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BBAR | MO |
|---|---|---|
| 2022 | +34.6% | +4.4% |
| 2023 | +47.3% | -3.7% |
| 2024 | +315.7% | +40.8% |
| 2025 | -5.2% | +18.2% |
| 2026 | -17.7% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAR and MO good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBAR and MO?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.53 over the last year and -0.13 over 5 years.
Is MO a good diversifier for BBAR?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbar-vs-mo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbar-vs-mo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBAR correlations · MO correlations
