DUK vs PM: Correlation
Duke Energy (DUK) and Philip Morris International (PM) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and PM?
On 3 years of weekly data the DUK/PM correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 133.6 %².
Within DUK's tracked universe of 53 assets, PM comes in at #20 by 3-year correlation. The last year tells two different stories: PM led by 19.1 percentage points, +1.1% for DUK against +20.2% for PM. On a rolling one-year basis the correlation drifted between 0.22 and 0.65, a moderate band.
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.
DUK vs PM: side by side
| DUK (Duke Energy) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | +1.1% | +20.2% |
| 5-year return | +39.8% | +133.5% |
| Volatility (ann.) | 15.9% | 23.1% |
| Beta vs S&P 500 | -0.09 | -0.01 |
| Max drawdown (3Y) | -11.6% | -20.6% |
| Market cap | $94.2B | $296.9B |
| P/E (trailing) | 18.3 | 26.7 |
| Dividend yield | 3.49% | 3.03% |
| Sector / category | Utilities | Consumer Staples |
Year-by-year returns
| Year | DUK | PM |
|---|---|---|
| 2022 | +2.0% | +12.3% |
| 2023 | -1.6% | -1.9% |
| 2024 | +15.6% | +34.3% |
| 2025 | +12.7% | +38.0% |
| 2026 | +5.8% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and PM good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DUK and PM?
The DUK/PM correlation stands at 0.36 on a 3-year window (1 year: 0.33, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is PM a good diversifier for DUK?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/duk-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/duk-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DUK correlations · PM correlations
