FCN vs PM: Correlation
How closely do FTI Consulting, Inc. (FCN) and Philip Morris International (PM) 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 FCN and PM?
On 3 years of weekly data the FCN/PM correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.29 over 3. The 5-year figure is -0.20, and annualized covariance runs at -179.4 %².
Out of 17 assets tracked against FCN, PM lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with PM ahead by 30.8 points (-10.6% versus +20.2%).
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.
FCN vs PM: side by side
| FCN (FTI Consulting, Inc.) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | -10.6% | +20.2% |
| 5-year return | +7.8% | +133.5% |
| Volatility (ann.) | 27.0% | 23.1% |
| Beta vs S&P 500 | 0.18 | -0.01 |
| Max drawdown (3Y) | -39.2% | -20.6% |
| Market cap | $4.2B | $296.9B |
| P/E (trailing) | 18.4 | 26.7 |
| Dividend yield | 0.00% | 3.03% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | FCN | PM |
|---|---|---|
| 2022 | +3.5% | +12.3% |
| 2023 | +25.4% | -1.9% |
| 2024 | -4.0% | +34.3% |
| 2025 | -10.6% | +38.0% |
| 2026 | -11.0% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCN and PM good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FCN and PM?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.34 over the last year and -0.20 over 5 years.
Is PM a good diversifier for FCN?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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/fcn-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcn-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCN correlations · PM correlations
