BLKB vs MO: Correlation
How closely do Blackbaud, Inc. (BLKB) and Altria (MO) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLKB and MO?
Over the past 3 years, BLKB and MO moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.26 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -224.6 %².
Among the 16 assets we track against BLKB, MO sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with MO ahead by 35.8 points (-27.0% versus +8.8%). One caveat on sizing: BLKB is 1.8 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.
BLKB vs MO: side by side
| BLKB (Blackbaud, Inc.) | MO (Altria) | |
|---|---|---|
| 1-year return | -27.0% | +8.8% |
| 5-year return | -30.1% | +100.4% |
| Volatility (ann.) | 39.2% | 21.8% |
| Beta vs S&P 500 | 0.81 | -0.07 |
| Max drawdown (3Y) | -69.8% | -16.4% |
| Market cap | $2.2B | $113.0B |
| P/E (trailing) | 14.7 | 14.6 |
| Dividend yield | 0.00% | 6.13% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BLKB | MO |
|---|---|---|
| 2022 | -25.5% | +4.4% |
| 2023 | +47.3% | -3.7% |
| 2024 | -14.7% | +40.8% |
| 2025 | -14.3% | +18.2% |
| 2026 | -23.3% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLKB and MO good diversifiers for each other?
Yes. With a correlation of -0.26, BLKB and MO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BLKB and MO?
The BLKB/MO correlation stands at -0.26 on a 3-year window (1 year: -0.39, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is MO a good diversifier for BLKB?
Yes. With a correlation of -0.26, BLKB and MO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/blkb-vs-mo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/blkb-vs-mo/)
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Related comparisons
Hubs: BLKB correlations · MO correlations
