MO vs NTAP: Correlation
Altria (MO) and NetApp (NTAP) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and NTAP?
Across a 3-year window, the weekly returns of MO and NTAP correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.16). Stretching to 5 years gives -0.01, with an annualized covariance of -133.3 %².
By 3-year correlation, NTAP places #23 of the 49 assets tracked against MO. The last year tells two different stories: NTAP led by 64.2 percentage points, +8.8% for MO against +73.0% for NTAP. This link changes with the market regime, having swung between -0.30 and 0.37 on a rolling one-year basis. One caveat on sizing: NTAP is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MO vs NTAP: side by side
| MO (Altria) | NTAP (NetApp) | |
|---|---|---|
| 1-year return | +8.8% | +73.0% |
| 5-year return | +100.4% | +141.7% |
| Volatility (ann.) | 21.8% | 37.6% |
| Beta vs S&P 500 | -0.07 | 1.38 |
| Max drawdown (3Y) | -16.4% | -42.6% |
| Market cap | $113.0B | $37.4B |
| P/E (trailing) | 14.6 | 30.5 |
| Dividend yield | 6.13% | 1.07% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | MO | NTAP |
|---|---|---|
| 2022 | +4.4% | -32.9% |
| 2023 | -3.7% | +51.1% |
| 2024 | +40.8% | +34.2% |
| 2025 | +18.2% | -5.9% |
| 2026 | +21.1% | +80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and NTAP good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between MO and NTAP?
As of 2026-08-27, the correlation of weekly returns between MO and NTAP is -0.16 over 3 years, -0.33 over 1 year and -0.01 over 5 years.
Is NTAP a good diversifier for MO?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/mo-vs-ntap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mo-vs-ntap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MO correlations · NTAP correlations
