IP correlations (International Paper)
Which assets move with IP and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Materials · Paper & Plastic Packaging Products & Materials
Volatility (ann.)
37.8%
3y weekly
Beta vs S&P 500
0.77
3y weekly
1-year return
-13.5%
price, adjusted
5-year return
-11.2%
price, adjusted
Market cap
$21.1B
latest
Dividend yield
4.47%
trailing
Max drawdown
-48.6%
3y, daily closes
IP over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with IP
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| SW | Smurfit Westrock | 0.74 | |
| PKG | Packaging Corporation of America | 0.72 | |
| PPG | PPG Industries | 0.57 | |
| ATR | AptarGroup, Inc. | 0.56 | |
| XLB | Materials Select Sector SPDR Fund | 0.56 | |
| SLGN | Silgan Holdings Inc. | 0.55 | |
| RPM | RPM International Inc. | 0.53 | |
| FND | Floor & Decor Holdings, Inc. | 0.52 | |
| SPB | Spectrum Brands Holdings, Inc. | 0.52 | |
| SON | Sonoco Products Company | 0.52 | |
| AVY | Avery Dennison | 0.51 | |
| GTES | Gates Industrial Corporation Ltd. | 0.51 | |
| CSL | Carlisle Companies Incorporated | 0.50 | |
| MCFT | MasterCraft Boat Holdings, Inc. | 0.50 | |
| EMN | Eastman Chemical Company | 0.50 |
Best diversifiers for IP
These are the assets whose returns had the least to do with IP's, historically the most independent picks in our universe.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.33 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.32 | |
| TRT | Trio-Tech International | -0.24 | |
| ANNA | AleAnna, Inc. | -0.21 | |
| CELC | Celcuity Inc. | -0.21 | |
| DZZ | DB Gold Double Short ETN due February 15, 2038 | -0.19 | |
| USO | United States Oil Fund | -0.18 | |
| BATL | Battalion Oil Corporation | -0.18 | |
| PAM | Pampa Energia S.A. | -0.17 | |
| EQNR | Equinor ASA | -0.17 |
IP vs benchmarks
IP vs its peers
Get IP data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/ip.jsonCorrelations, diversifiers, beta and volatility for IP, plus one endpoint per pair. API documentation.
