PM vs TSN: Correlation
How closely do Philip Morris International (PM) and Tyson Foods (TSN) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PM and TSN?
Over the past 3 years, PM and TSN moved with a correlation of 0.29, which is weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 152.3 %².
Within PM's tracked universe of 47 assets, TSN comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PM ahead by 20.5 points (+20.2% versus -0.3%). The rolling one-year correlation stayed in a tight band between 0.19 and 0.41 over the past three years, which points to a structural rather than episodic relationship.
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 TSN: side by side
| PM (Philip Morris International) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +20.2% | -0.3% |
| 5-year return | +133.5% | -17.3% |
| Volatility (ann.) | 23.1% | 22.8% |
| Beta vs S&P 500 | -0.01 | 0.19 |
| Max drawdown (3Y) | -20.6% | -20.3% |
| Market cap | $296.9B | $19.5B |
| P/E (trailing) | 26.7 | 35.0 |
| Dividend yield | 3.03% | 0.88% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | PM | TSN |
|---|---|---|
| 2022 | +12.3% | -26.9% |
| 2023 | -1.9% | -10.4% |
| 2024 | +34.3% | +10.5% |
| 2025 | +38.0% | +5.7% |
| 2026 | +20.8% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PM and TSN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PM and TSN?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.25 over the last year and 0.34 over 5 years.
Is TSN a good diversifier for PM?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/pm-vs-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pm-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PM correlations · TSN correlations
