PM vs PPL: Correlation
Philip Morris International (PM) and PPL Corporation (PPL) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PM and PPL?
Over the past 3 years, PM and PPL moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 145.8 %².
Among the 47 assets we track against PM, PPL ranks #14 by 3-year correlation. The last year tells two different stories: PM led by 23.2 percentage points, +20.2% for PM against -3.0% for PPL. Across three years, the rolling one-year figure varied moderately, from 0.20 to 0.53.
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.
PM vs PPL: side by side
| PM (Philip Morris International) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | +20.2% | -3.0% |
| 5-year return | +133.5% | +41.1% |
| Volatility (ann.) | 23.1% | 17.4% |
| Beta vs S&P 500 | -0.01 | 0.13 |
| Max drawdown (3Y) | -20.6% | -13.3% |
| Market cap | $296.9B | $25.9B |
| P/E (trailing) | 26.7 | 20.7 |
| Dividend yield | 3.03% | 3.18% |
| Sector / category | Consumer Staples | Utilities |
Year-by-year returns
| Year | PM | PPL |
|---|---|---|
| 2022 | +12.3% | +0.4% |
| 2023 | -1.9% | -3.8% |
| 2024 | +34.3% | +24.0% |
| 2025 | +38.0% | +11.4% |
| 2026 | +20.8% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PM and PPL good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PM and PPL?
As of 2026-08-27, the correlation of weekly returns between PM and PPL is 0.36 over 3 years, 0.39 over 1 year and 0.38 over 5 years.
Is PPL a good diversifier for PM?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/pm-vs-ppl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pm-vs-ppl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PM correlations · PPL correlations
