MO vs PM: Correlation
How closely do Altria (MO) and Philip Morris International (PM) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and PM?
Across a 3-year window, the weekly returns of MO and PM correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 274.5 %².
PM is one of the assets that tracks MO most closely: it ranks #1 out of the 49 assets we track against MO. Over the last 12 months PM came out ahead by 11.4 percentage points (+8.8% against +20.2%). This link changes with the market regime, having swung between 0.25 and 0.77 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.
MO vs PM: side by side
| MO (Altria) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | +8.8% | +20.2% |
| 5-year return | +100.4% | +133.5% |
| Volatility (ann.) | 21.8% | 23.1% |
| Beta vs S&P 500 | -0.07 | -0.01 |
| Max drawdown (3Y) | -16.4% | -20.6% |
| Market cap | $113.0B | $296.9B |
| P/E (trailing) | 14.6 | 26.7 |
| Dividend yield | 6.13% | 3.03% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | MO | PM |
|---|---|---|
| 2022 | +4.4% | +12.3% |
| 2023 | -3.7% | -1.9% |
| 2024 | +40.8% | +34.3% |
| 2025 | +18.2% | +38.0% |
| 2026 | +21.1% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and PM good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MO and PM?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.62 over the last year and 0.52 over 5 years.
Is PM a good diversifier for MO?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mo-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mo-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MO correlations · PM correlations
