IDA vs MO: Correlation
How closely do IDACORP, Inc. (IDA) and Altria (MO) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDA and MO?
Across a 3-year window, the weekly returns of IDA and MO correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 181.1 %².
Within IDA's tracked universe of 18 assets, MO comes in at #11 by 3-year correlation. Twelve-month performance is nearly a tie, at +11.6% for IDA 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.
IDA vs MO: side by side
| IDA (IDACORP, Inc.) | MO (Altria) | |
|---|---|---|
| 1-year return | +11.6% | +8.8% |
| 5-year return | +51.7% | +100.4% |
| Volatility (ann.) | 17.8% | 21.8% |
| Beta vs S&P 500 | 0.10 | -0.07 |
| Max drawdown (3Y) | -13.6% | -16.4% |
| Market cap | $8.0B | $113.0B |
| P/E (trailing) | 22.9 | 14.6 |
| Dividend yield | 2.53% | 6.13% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | IDA | MO |
|---|---|---|
| 2022 | -2.1% | +4.4% |
| 2023 | -6.0% | -3.7% |
| 2024 | +15.0% | +40.8% |
| 2025 | +19.2% | +18.2% |
| 2026 | +10.9% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDA and MO good diversifiers for each other?
Reasonably. At 0.47, IDA and MO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IDA and MO?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.52 over the last year and 0.38 over 5 years.
Is MO a good diversifier for IDA?
Reasonably. At 0.47, IDA and MO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/ida-vs-mo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ida-vs-mo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IDA correlations · MO correlations
