BTI vs MO: Correlation
British American Tobacco Industries, p.l.c. (BTI) and Altria (MO) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and MO?
Over the past 3 years, BTI and MO moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 255.7 %².
In BTI's tracked universe of 21 assets, MO sits right near the top at #2. Twelve-month performance is nearly a tie, at +4.8% for BTI and +8.8% for MO.
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.
BTI vs MO: side by side
| BTI (British American Tobacco Industries, p.l.c.) | MO (Altria) | |
|---|---|---|
| 1-year return | +4.8% | +8.8% |
| 5-year return | +119.4% | +100.4% |
| Volatility (ann.) | 22.5% | 21.8% |
| Beta vs S&P 500 | 0.06 | -0.07 |
| Max drawdown (3Y) | -15.3% | -16.4% |
| Market cap | $121.2B | $113.0B |
| P/E (trailing) | 14.5 | 14.6 |
| Dividend yield | 4.27% | 6.13% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BTI | MO |
|---|---|---|
| 2022 | +15.1% | +4.4% |
| 2023 | -20.1% | -3.7% |
| 2024 | +35.4% | +40.8% |
| 2025 | +65.8% | +18.2% |
| 2026 | +2.2% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and MO good diversifiers for each other?
Only partially. A correlation of 0.52 means BTI and MO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BTI and MO?
The BTI/MO correlation stands at 0.52 on a 3-year window (1 year: 0.56, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is MO a good diversifier for BTI?
Only partially. A correlation of 0.52 means BTI and MO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/bti-vs-mo.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BTI correlations · MO correlations
