PKG vs. AMCR

Last updated Jun 4, 2026

PKG (Packaging Corporation of America) and AMCR (Amcor plc) are both stocks. Both operate in the Packaging & Containers industry within the Consumer Cyclical sector. Over the past 5 years, PKG returned 12.13%/yr vs -4.45%/yr for AMCR. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

PKG vs. AMCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Packaging Corporation of America (PKG) and Amcor plc (AMCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PKG achieves a 9.44% return, which is significantly higher than AMCR's -6.44% return.

PKG

• 1D: -0.20%
• 1M: 2.90%
• YTD: 9.44%
• 6M: 14.72%
• 1Y: 18.46%
• 3Y*: 23.86%
• 5Y*: 12.13%
• 10Y*: 15.81%

AMCR

• 1D: -1.38%
• 1M: 4.34%
• YTD: -6.44%
• 6M: -7.76%
• 1Y: -11.59%
• 3Y*: -3.66%
• 5Y*: -4.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PKG vs. AMCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PKG Packaging Corporation of America	9.44%	-6.08%	41.70%	31.90%	-2.62%	1.55%	27.20%	20.03%
AMCR Amcor plc	-6.44%	-6.17%	2.61%	-14.97%	3.20%	6.16%	13.41%	-0.71%

Correlation

The correlation between PKG and AMCR is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019	0.59

The correlation between PKG and AMCR has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

Fundamentals

Market Cap PKG : $19.99B AMCR : $17.57B
EPS PKG : $8.25 AMCR : $1.59
PE Ratio PKG : 27.18 AMCR : 23.87
PS Ratio PKG : 2.18 AMCR : 0.73
PB Ratio PKG : 4.36 AMCR : 0.47
Total Revenue (TTM) PKG : $9.22B AMCR : $22.19B
Gross Profit (TTM) PKG : $1.89B AMCR : $4.10B
EBITDA (TTM) PKG : $1.84B AMCR : $2.58B

Return for Risk

PKG vs. AMCR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PKG

PKG Risk / Return Rank: 60
PKG Sharpe Ratio Rank: 63
PKG Sortino Ratio Rank: 57
PKG Omega Ratio Rank: 56
PKG Calmar Ratio Rank: 62
PKG Martin Ratio Rank: 62

AMCR

AMCR Risk / Return Rank: 24
AMCR Sharpe Ratio Rank: 25
AMCR Sortino Ratio Rank: 23
AMCR Omega Ratio Rank: 23
AMCR Calmar Ratio Rank: 26
AMCR Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PKG vs. AMCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Packaging Corporation of America (PKG) 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.

	PKG	AMCR	Difference
Sharpe ratio Return per unit of total volatility	0.69	-0.37	+1.06
Sortino ratio Return per unit of downside risk	1.17	-0.33	+1.50
Omega ratio Gain probability vs. loss probability	1.14	0.96	+0.19
Calmar ratio Return relative to maximum drawdown	1.08	-0.44	+1.52
Martin ratio Return relative to average drawdown	2.39	-0.80	+3.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PKG vs. AMCR - Sharpe Ratio Comparison

The current PKG Sharpe Ratio is 0.69, which is higher than the AMCR Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of PKG and AMCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PKG	AMCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	-0.37	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	-0.18	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	-0.03	+0.50

Drawdowns

PKG vs. AMCR - Drawdown Comparison

The maximum PKG drawdown since its inception was -66.88%, which is greater than AMCR's maximum drawdown of -47.21%. Use the drawdown chart below to compare losses from any high point for PKG and AMCR.

Drawdown Indicators

	PKG	AMCR	Difference
Max Drawdown Largest peak-to-trough decline	-66.88%	-47.21%	-19.67%
Max Drawdown (1Y) Largest decline over 1 year	-17.21%	-26.51%	+9.30%
Max Drawdown (3Y) Largest decline over 3 years	-28.43%	-29.92%	+1.49%
Max Drawdown (5Y) Largest decline over 5 years	-31.78%	-34.24%	+2.46%
Max Drawdown (10Y) Largest decline over 10 years	-38.18%	—	—
Current Drawdown Current decline from peak	-8.36%	-30.98%	+22.62%
Average Drawdown Average peak-to-trough decline	-11.73%	-14.51%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.74%	14.46%	-6.72%

Volatility

PKG vs. AMCR - Volatility Comparison

The current volatility for Packaging Corporation of America (PKG) is 8.61%, while Amcor plc (AMCR) has a volatility of 11.50%. This indicates that PKG experiences smaller price fluctuations and is considered to be less risky than AMCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PKG	AMCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.61%	11.50%	-2.89%
Volatility (6M) Calculated over the trailing 6-month period	20.88%	25.35%	-4.47%
Volatility (1Y) Calculated over the trailing 1-year period	26.89%	31.18%	-4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.34%	25.01%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.33%	29.24%	-1.91%

Dividends

PKG vs. AMCR - Dividend Comparison

PKG's dividend yield for the trailing twelve months is around 2.23%, less than AMCR's 6.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMCR Amcor plc	6.83%	6.15%	5.34%	5.11%	4.05%	3.93%	3.93%	2.17%	0.00%	0.00%	0.00%	0.00%
PKG Packaging Corporation of America	2.23%	2.42%	2.22%	3.07%	3.71%	2.94%	2.44%	2.82%	3.59%	2.09%	2.78%	3.49%

Financials

PKG vs. AMCR - Profitability Comparison

The chart below illustrates the profitability comparison between Packaging Corporation of America and Amcor plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PKG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported a gross profit of 452.90M and revenue of 2.37B. Therefore, the gross margin over that period was 19.1%.

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%.

PKG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported an operating income of 272.60M and revenue of 2.37B, resulting in an operating margin of 11.5%.

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%.

PKG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Packaging Corporation of America reported a net income of 170.90M and revenue of 2.37B, resulting in a net margin of 7.2%.

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

Can I hold both PKG and AMCR in my portfolio?

PKG and AMCR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PKG or AMCR?

AMCR has higher volatility (11.50%) compared to PKG (8.61%). In terms of maximum drawdown, PKG dropped -66.88% vs AMCR's -47.21%.

Which has better risk-adjusted returns?

PKG currently has the higher Sharpe Ratio (0.69 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.