IP vs. AMCR
IP (International Paper Company) and AMCR (Amcor plc) are both stocks. Both operate in the Packaging & Containers industry within the Consumer Cyclical sector. Over the past 5 years, IP returned -4.36%/yr vs -1.98%/yr for AMCR. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
IP vs. AMCR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IP achieves a -4.00% return, which is significantly lower than AMCR's 0.48% return.
IP
- 1D
- 0.19%
- 1M
- 17.90%
- YTD
- -4.00%
- 6M
- -3.76%
- 1Y
- -15.66%
- 3Y*
- 11.31%
- 5Y*
- -4.36%
- 10Y*
- 3.78%
AMCR
- 1D
- -0.97%
- 1M
- 7.76%
- YTD
- 0.48%
- 6M
- 0.72%
- 1Y
- -3.68%
- 3Y*
- -1.01%
- 5Y*
- -1.98%
- 10Y*
- —
IP vs. AMCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -4.00% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 7.92% |
AMCR Amcor plc | 0.48% | -6.17% | 2.61% | -14.97% | 3.20% | 6.16% | 13.41% | -0.09% |
Correlation
The correlation between IP and AMCR is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.57 |
The correlation between IP and AMCR has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.
Fundamentals
IP:
$19.62B
AMCR:
$18.87B
IP:
-$6.29
AMCR:
$1.59
IP:
0.78
AMCR:
0.78
IP:
1.32
AMCR:
0.50
IP:
$24.97B
AMCR:
$22.19B
IP:
$7.44B
AMCR:
$4.10B
IP:
-$41.00M
AMCR:
$2.58B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IP vs. AMCR — Risk / Return Rank
IP
AMCR
IP vs. AMCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) and Amcor plc (AMCR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IP | AMCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.01 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.14 | -0.21 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.24 | -0.37 |
Loading charts...
Drawdowns
IP vs. AMCR - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than AMCR's maximum drawdown of -47.21%. Use the drawdown chart below to compare losses from any high point for IP and AMCR.
Loading charts...
Drawdown Indicators
| IP | AMCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -47.21% | -43.41% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -26.51% | -19.01% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -29.92% | -18.69% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -34.24% | -14.37% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | — | — |
Current DrawdownCurrent decline from peak | -34.51% | -25.88% | -8.63% |
Average DrawdownAverage peak-to-trough decline | -20.90% | -14.59% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.72% | 15.06% | +10.66% |
Volatility
IP vs. AMCR - Volatility Comparison
International Paper Company (IP) has a higher volatility of 13.54% compared to Amcor plc (AMCR) at 7.94%. This indicates that IP's price experiences larger fluctuations and is considered to be riskier than AMCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IP | AMCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.54% | 7.94% | +5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 33.00% | 25.88% | +7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.63% | 31.77% | +10.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.80% | 25.11% | +7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 29.23% | +3.13% |
Dividends
IP vs. AMCR - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.01%, less than AMCR's 6.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMCR Amcor plc | 6.36% | 6.15% | 5.34% | 5.11% | 4.05% | 3.93% | 3.93% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% |
IP International Paper Company | 5.01% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
Financials
IP vs. AMCR - Financials Comparison
This section allows you to compare key financial metrics between International Paper Company and Amcor plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
IP vs. AMCR - Profitability Comparison
IP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a gross profit of 1.73B and revenue of 5.97B. Therefore, the gross margin over that period was 28.9%.
AMCR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amcor plc reported a gross profit of 1.19B and revenue of 5.91B. Therefore, the gross margin over that period was 20.1%.
IP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported an operating income of 76.00M and revenue of 5.97B, resulting in an operating margin of 1.3%.
AMCR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amcor plc reported an operating income of 461.00M and revenue of 5.91B, resulting in an operating margin of 7.8%.
IP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, International Paper Company reported a net income of 76.00M and revenue of 5.97B, resulting in a net margin of 1.3%.
AMCR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amcor plc reported a net income of 278.00M and revenue of 5.91B, resulting in a net margin of 4.7%.
Frequently Asked Questions
IP and AMCR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (13.54%) compared to AMCR (7.94%). In terms of maximum drawdown, IP dropped -90.62% vs AMCR's -47.21%.
AMCR currently has the higher Sharpe Ratio (-0.12 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for IP and AMCR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer