LNZA vs PM: Correlation
LanzaTech Global, Inc. (LNZA) and Philip Morris International (PM) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNZA and PM?
Across a 3-year window, the weekly returns of LNZA and PM correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -908.0 %².
PM is close to the least connected end of LNZA's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with PM ahead by 92.3 points (-72.1% versus +20.2%). Note the risk asymmetry: LNZA runs 6.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LNZA vs PM: side by side
| LNZA (LanzaTech Global, Inc.) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | -72.1% | +20.2% |
| 5-year return | -99.4% | +133.5% |
| Volatility (ann.) | 146.7% | 23.1% |
| Beta vs S&P 500 | 1.84 | -0.01 |
| Max drawdown (3Y) | -99.4% | -20.6% |
| Market cap | $0.1B | $296.9B |
| P/E (trailing) | 0.3 | 26.7 |
| Dividend yield | 0.00% | 3.03% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | LNZA | PM |
|---|---|---|
| 2022 | +3.3% | +12.3% |
| 2023 | -49.6% | -1.9% |
| 2024 | -72.8% | +34.3% |
| 2025 | -90.0% | +38.0% |
| 2026 | -54.8% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNZA and PM good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LNZA and PM?
The LNZA/PM correlation stands at -0.27 on a 3-year window (1 year: -0.27, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is PM a good diversifier for LNZA?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/lnza-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnza-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LNZA correlations · PM correlations
