KVUE vs PM: Correlation
How closely do Kenvue (KVUE) and Philip Morris International (PM) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVUE and PM?
On 3 years of weekly data the KVUE/PM correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.33 over 3. The 5-year figure is n/a, and annualized covariance runs at 209.4 %².
Among the 34 assets we track against KVUE, PM ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PM outperformed by 23.2 percentage points (-3.0% for KVUE against +20.2% for PM). This link changes with the market regime, having swung between 0.07 and 0.70 on a rolling one-year basis.
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.
KVUE vs PM: side by side
| KVUE (Kenvue) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | -3.0% | +20.2% |
| 5-year return | n/a | +133.5% |
| Volatility (ann.) | 27.3% | 23.1% |
| Beta vs S&P 500 | 0.16 | -0.01 |
| Max drawdown (3Y) | -41.2% | -20.6% |
| Market cap | $36.9B | $296.9B |
| P/E (trailing) | 22.6 | 26.7 |
| Dividend yield | 4.32% | 3.03% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KVUE | PM |
|---|---|---|
| 2022 | – | +12.3% |
| 2023 | – | -1.9% |
| 2024 | +3.1% | +34.3% |
| 2025 | -15.9% | +38.0% |
| 2026 | +15.2% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVUE and PM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KVUE and PM?
As of 2026-08-27, the correlation of weekly returns between KVUE and PM is 0.33 over 3 years, 0.40 over 1 year and n/a over 5 years.
Is PM a good diversifier for KVUE?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/kvue-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kvue-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KVUE correlations · PM correlations
