MO vs TRP: Correlation
Altria (MO) and TC Energy Corporation (TRP) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and TRP?
On 3 years of weekly data the MO/TRP correlation comes out at 0.47, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.47). The 5-year figure is 0.33, and annualized covariance runs at 204.3 %².
Within MO's tracked universe of 49 assets, TRP comes in at #6 by 3-year correlation. Over the last 12 months TRP came out ahead by 14.5 percentage points (+8.8% against +23.3%).
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 TRP: side by side
| MO (Altria) | TRP (TC Energy Corporation) | |
|---|---|---|
| 1-year return | +8.8% | +23.3% |
| 5-year return | +100.4% | +67.2% |
| Volatility (ann.) | 21.8% | 20.0% |
| Beta vs S&P 500 | -0.07 | 0.16 |
| Max drawdown (3Y) | -16.4% | -12.8% |
| Market cap | $113.0B | – |
| P/E (trailing) | 14.6 | 24.5 |
| Dividend yield | 6.13% | 5.50% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MO | TRP |
|---|---|---|
| 2022 | +4.4% | -9.7% |
| 2023 | -3.7% | +4.7% |
| 2024 | +40.8% | +26.2% |
| 2025 | +18.2% | +21.2% |
| 2026 | +21.1% | +15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and TRP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MO and TRP?
As of 2026-08-27, the correlation of weekly returns between MO and TRP is 0.47 over 3 years, 0.58 over 1 year and 0.33 over 5 years.
Is TRP a good diversifier for MO?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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-trp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mo-vs-trp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MO correlations · TRP correlations
